You are required to make consignment account and Mr. B’s account in the books of Mr. A, showing the amount due from Mr. B on 30th June 2018. The consignor retains legal ownership of the inventory throughout the consignment period, even though the goods may be in the consignee’s possession for display or sale. Consigning […]
Navigating Social Life in Early Recovery
That overcorrection is what you’re probably feeling right now. I’ve been where you are, as have thousands of other sober people who had to learn to have a life again after sobriety. Simon Moore is a professor of public health research at Cardiff University in the U.K. And the lollipops were for people who agreed […]
Accounting for Interest Payable: Definition, Journal Entries, Example, and More
If the loan specifies an annual interest rate of 6%, the loan will cost the company interest of $300 per year or $25 per month. On the December income statement the company must report one month of interest expense of $25. On the December 31 balance sheet the company must report that it owes $25 […]