Accounting

This Accounting category will cover various topics on accounting ranging from financial, management, and advance accounting.

Interim Dividend Vs Final Dividend – Key Differences (Including Pros and Cons)

Interim dividends and final dividends are two common types of dividends issued by most companies. Established companies follow a consistent dividend policy to offer income to dividend investors. Both types of dividends offer some advantages and disadvantages to the issuers. Let us discuss what are interim and final dividends and their key differences. What is …

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What is Special Journal?

A special journal is a bookkeeping record that keeps a record of special accounts of a business. It is created for bookkeeping accounts that require special records and details to be recorded. A special journal can be customized and formatted according to the needs of a business. It is followed by businesses with manual bookkeeping …

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What is Cash Receipt Journal?

A cash receipt journal is a source document that records all cash inflows of a business. It is an important part of the cash book. Businesses can record details of cash receipt transactions that are otherwise omitted from the general ledger. Let us discuss what is cash receipt journal, how it is constructed, and its …

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What is a 10-Column Worksheet?

A 10-column worksheet presents an overview of the account books of a company at the end of an accounting period. It can be prepared for any accounting period like any other financial statement. A 10-column worksheet serves many purposes for a business. It can also be used to prepare financial statements and extract valuable financial …

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Contribution Margin Vs Operating Margin: What Are the Differences?

Contribution margin and operating margins are both profitability measures. However, both these metrics provide different types of information to the business. Both these terms have certain similarities and some key differences. Let us discuss these concepts briefly. What is Contribution Margin? The contribution margin is total sales minus variable costs for a company. It can …

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