Expenses – Page 4 – itho's internet resources

Branch Accounting Explained: Definition, Methods, and Benefits

By Itho November 16, 2010

[ad_1] What Is Branch Accounting? Branch accounting involves maintaining separate accounts for each branch or operating location of an organization for greater transparency of transactions, cash flows, and performance. Branch…

Backflush Costing: Definition and How System Works for Inventory

By Itho November 16, 2010

[ad_1] What Is Backflush Costing? Backflush costing is a product costing system generally used in a just-in-time (JIT) inventory system. In short, it is an accounting method that records the…

Drawing Account: What It Is and How It Works

By Itho November 15, 2010

[ad_1] What Is a Drawing Account? A drawing account is an accounting record maintained to track money and other assets withdrawn from a business by its owners. A drawing…

Definition, Primary Causes, and Types

By Itho November 15, 2010

[ad_1] What Is a Budget Variance? A budget variance is a periodic measure used by governments, corporations, or individuals to quantify the difference between budgeted and actual figures for a…

Economic Life: Definition, Determining Factors, Vs. Depreciation

By Itho November 15, 2010

[ad_1] What is Economic Life? Economic life is the expected period of time during which an asset remains useful to the average owner. When an asset depreciates to the point…

Cost-Plus Contract: Definition, Types, and Example

By Itho November 12, 2010

[ad_1] What Is a Cost-Plus Contract? A cost-plus contract is an agreement made between a project owner and a contractor to reimburse the contractor for expenses incurred and to add…