In the instance discussed above, the loan of $20,000 was taken from the bank. Whereas a subsequent liability arising will be recorded on the credit facet. The due date and allowed period are additionally mentioned on the note payable. On the maturity date, each the...
For example, the real estate business, advertising business, or mattress production business are examples of industries. These entities may operate as charities, arts, culture, educational, and recreational enterprises, political and advocacy groups, or social...
The block (or transaction) is broadcasted to every authorized member of the network. Once all the members validate the transaction (i.e., approve the payment) a block is then added to the chain of transactions, which provides an immutable and transparent record of the...
This is one example of blockchain in practice, but many other forms of blockchain implementation exist or are being experimented with. Some companies that are experimenting with blockchain include Walmart, Pfizer, AIG, Siemens, Unilever, and others. For example, IBM...
The amount of the dividend can range based on the company’s efficiency, financial health and its dividend policy. Alternatively, investors can choose to reinvest their dividends, typically via a Dividend Reinvestment Plan (DRIP). A DRIP allows shareholders to...
Many business owners who are not familiar with accounting can quickly become confused about the difference between a debit or credit. To be fair, these concepts can take a bit of getting used to and practice will help ensure that this becomes a habit for those who are...
