Debits and credits are used in a company’s bookkeeping or or double-entry accounting.
Debits and credits are the bookkeeping entries that balance each other. Debits means all of the money coming into an account, while credits means all of the money going out of an account. When recording a transaction, every debit entry must have a corresponding credit entry of the same amount.
A debit entry is always kept on the left side of an entry. A debit increase asset or expense accounts, and decreases liability, revenue or equity accounts.A credit is always placed on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts.
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<span>A firm obeys the least-cost rule by equating the ratios of marginal physical product to the factor price.
The marginal physical product refers to the adjustment in the quantity of aggregate item yields that outcomes from an adjustment in an item input.The marginal physical product identifies with work increments and coming about profitability increments, in economics.
Factor price refers to the cost at which the methods for creation (that is, arrive, work, capital and sometime business enterprise) are sold.</span>
The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.
<h3>What is depreciation?</h3>
It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.
The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:
Revenue recognition.
Cost principle.
Matching principle.
Objectivity principle.
Full disclosure.
The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.
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It was a legitimate decision to reduce cost and increase revenue. I am not familiar with what happened in Iran.
Answer:
Hard to change ; No digital skills among staff
Explanation:
Traditional ad / marketing agencies are the agencies promoting brands through offline ways. Eg : Banners, Pamphlets etc
Digital Marketing agencies are agencies promoting through online ways. Eg : E mail marketing, Social media marketing etc.
Digital Marketing needs more technical expertise than traditional, conventional marketing. So, traditional marketers & their staff face adaptability issues in adapting to the new technically upgraded marketing approaches. Such because their team & staff members have low techno - digital skills, are accustomed to conventional marketing practices.