Darell

Types of Adjustment An adjusting journal entry is made to record any unrecognized income or expenses. There are four types: accrued revenues, accrued expenses, deferred revenues and deferred expenses. The main purpose is to ensure revenues are matched with expenses so financial statements reflect profitability. Most transactions are eventually recorded through a supplier invoice or … Read more

What is a Holding Company? A holding company is a legal entity that retains a controlling interest in one or more companies termed subsidiaries. Also known as a parent company, a holding company serves as asset protection and helps to limit liability risks. Definition and Function of Holding Companies A holding company owns other companies. … Read more

How many nonprofit board members should my board have? The short answer is, it depends. There is no “magic number”. Keep reading to find out why nonprofits need board members and how to determine the right number for your organization. Legal Requirements The Internal Revenue Service (IRS) requires that all nonprofits registered at the federal … Read more

Ruiner refers to a person who destroys, ruins, or lays waste. Synonyms include annihilator, wrecker, bane, terrorist, and razer. The word ruiner has 2 syllables and is spelled "ˈrü-ən". It is worth 6 points in Scrabble. Examples are "You’re a ruiner, your face ruins the view, you should wear a mask." The opposite of a … Read more

Overview of Personal Shopping A personal shopper assists clients in selecting clothing, accessories, and other items based on their style, needs, and budget, utilizing their knowledge of current fashion trends. Responsibilities and Requirements Responsibilities Advising clients on purchases Ensuring accurate selection and packing of orders Keeping track of availability Collaborating with store departments Requirements Retail … Read more