Travel Agent Job Description +2023 TEMPLATE

In accounting, ‘Balance Account’ means continuous and consistent check and verification of the accuracy of a travel agency’s accounting system. Accountant responsibilities include auditing financial documents and procedures, reconciling bank statements and calculating...

Going Concern Definition, Principle and Red Flags

Even if the company’s future is questionable and its status as a going concern appears to be in question – e.g. there are potential catalysts that could raise significant concerns – the company’s financials should still be prepared on a going concern basis. Accounting...

When Do You Buy CIF and When Do You Buy FOB?

The supplier takes full responsibility for the computers and must either reimburse Company XYZ or reship the computers. FOB shipping point, also known as FOB origin, indicates that the title and responsibility of goods transfer from the seller to the buyer when the...