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What is a flexible budget?

For example, under a static budget, a company would set an anticipated expense, say $30,000 for a marketing campaign, for the duration of the period. It is then up to managers to adhere to that budget regardless of how the cost of generating that campaign actually...

Adjustment Entry for rent received in advance would be?

Often, a business will collect monies in advance of providing goods or services. For example, a magazine publisher may sell a multi-year subscription and collect the full payment at or near the beginning of the subscription period. Such payments received in advance...

How To Conduct Financial Forecasting for Your Business

In-depth research and a close look at healthy businesses in your industry will help you get a grip on cash flow projections and help manage burn rate with optimal efficiency. Anticipating expenses can be challenging for startups, particularly since it’s next to...

Contract Signed: Everything You Need to Know

The Play Market is vast and plump with options, so finding a good application isn’t too hard if you have time to browse through hundreds of apps. To save time and prevent frustration, we suggest airSlate SignNow for Android. Store and edit documents, create signing...

How to Prepare and Analyze a Balance Sheet +Examples

The comparative balance sheet presents multiple columns of amounts, and as a result, the heading will be Balance Sheets. The additional column allows the reader to see how the most recent amounts have changed from an earlier date. A drawback of the account form is the...
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