Excel For AccountingMar 292 minHow to calculate depreciation of fixed assets ?Depreciation of fixed assets can be calculated using various methods, but one common approach is the straight-line method. Here's how you...
Excel For AccountingMar 292 minWhat is meant by cost of goods sold ?Cost of Goods Sold (COGS) refers to the direct costs incurred by a company in producing the goods or services it sells during a specific...
Excel For AccountingMar 272 minWhat is the purpose of a balance sheet & Income Statement? Answer : the balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in...