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Liability accounts are used to recognize liabilities. A liability is a present obligation of an entity to transfer an economic benefit (CF E37). Common examples of liability accounts include accounts payable, deferred revenue, bank loans, bonds payable and lease obligations. Equity accounts are used to recognize ownership equity. The terms ...
The 2020 edition of the Armenian Tax Code the concept of micro-enterprise defines in which case the company or sole owner doing business in this form, is exempt from paying sales tax. [6] In Armenia the micro-enterprise business set up can take individual entrepreneurs, people who do some activities but cannot have employees.
Filleted financial statements or filleted accounts: profit and loss accounts are excluded, but balance sheet and balance sheet notes are to be disclosed. [22] Alternatively, the smallest companies are able to file "micro-entity accounts". [23] FRS 105 is a Financial Reporting Standard applicable to the Micro-entities Regime. [24]
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
Considering that most bank clients in the developed world need several active accounts to keep their affairs in order, these figures indicate that the task the microfinance movement has set for itself is still very far from finished. By type of service, "savings accounts in alternative finance institutions outnumber loans by about four to one.
registers of individual and group professional practices of physicians, dentists, nurses, midwives, and physiotherapists (but excluding pharmacists, as pharmacies are registered in a separate register - see below, and laboratory diagnosticians, as a medical laboratory is in any case a health entity or a part of one - see above), operated by the ...
A context diagram can also list the classifications of the external entities as one of a set of simple categories [5] (Examples: [6]), which add clarity to the level of involvement of the entity with regards to the system. These categories include: Active: Dynamic to achieve some goal or purpose (Examples: "Article readers" or "customers").
Period-end reporting (account-level) – Journal entry review, account reconciliations or detailed account analysis (e.g., utility spending per store); Management review controls (direct entity level) – Fluctuation analyses of income statement accounts at varying levels of aggregation or monthly reporting package containing summarized ...