A check (also known as a cheque) is a document that allows an account holder to pay someone. Essentially, it orders the bank to pay that person a specific amount. Usually, the check includes spaces for the account holder to include the details of the underlying payment. These details include the receiver’s name, the amount,

Companies use various business models to generate revenues from several income sources. This model dictates the company’s revenues, expenses, suppliers, customers, and activities. In the past, companies used one model to succeed in a market. Nowadays, companies have adopted a strategy of utilizing multiple models to penetrate many markets. One of the oldest business models

Companies obtain finance from different sources to conduct their operations. One of the most common of these sources includes equity. Usually, it involves issuing common stock in exchange for funds received from shareholders. This finance source represents a long-term solution for companies. However, it may also involve various costs like paying dividends. While companies usually

Cash is one of the most crucial resources for companies. Managing this resource is highly critical for long-term success. In most cases, companies have dedicated departments to handle their cash resources properly. Usually, it falls into the same function that manages working capital needs. Most companies utilize bank accounts to manage their cash resources. However,

What is depletion expense? Depletion Expense can be defined as the cost associated with usage of natural resources, including oil, natural gas, and coal. This cost is mostly incurred once these natural resources have been extracted. It includes purchase price, or the cost of the resource, cost of rights, or anything else required to prepare