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Bookkeeping

Karuna Deora / Bookkeeping (Page 2)

What Is Notes Payable?

The borrower that issues a promissory note has to record the amount of money received or owed in his accounting books as notes payable. The notes payable account is, therefore, an account on the borrower’s balance sheet that reflects the money owed from an issued promissory note. The lender, on the other hand, that receives the promissory note would record the amount as notes receivable in his accounting book, which is an asset to the lender. Initially, Anne’s Online Store recorded the transaction as accounts payable. So...

How to Calculate Product Costs +4 Examples

To successfully make money online, you must come up with profitable craft business ideas that sell. Unfortunately, choosing the right handmade products can be challenging with so much different information on the web. Product Cost holds relevance in business as it is the basis behind the pricing of products and the consequent profitability of the business. Dynamic pricing is also known as demand pricing, surge pricing and time-based pricing. It takes into consideration when and where a product is offered or sold, and to what extent the...