Archive for category: Bookkeeping

In some countries, the listed prices for goods and services are the before-tax value, and a sales tax is only applied during the purchase. In other countries, the listed prices are the final after-tax values, which include the sales tax. To determine...

But if a profitable stock is held for more than one year, it will be subject to a standard capital gains tax of 15%. When you sell a stock for a profit, that profit is subject to capital gains tax. (That assumes, of course, that the sale didn’t occur...

The effective annual interest rate does take compounding into account and results in a higher rate than the nominal. The more compounding periods there are, the higher the ultimate effective interest rate. The effective interest rate is the interest ...

Depending on how a debit note is being used, it may be written like a memo, a receipt, or even a simple postcard reminding you about debts owed. If a buyer is submitting the debit note for returned goods, it may show the anticipated credit amount alo...