Amortizing is the financial process by which a debt is gradually extinguished through periodic payments that can be of the same or different amounts. That is, amortize means gradually repaying the capital of a loan or a credit. The most common is that the payment of these obligations is made through staggered disbursements over time, … Read more
An amortization table is a table where the payment schedule that a company or individual must face to which a loan is granted appears. It will show the different payments that the borrower will bear during the duration of the loan. The term of the loan repayment table includes the status of the return of … Read more
En economy terms, a good is an element that satisfies the need of a demand and of a population. Therefore, an economic good is a tangible and intangible service that is present in the market and can be acquired by a person but in a limited way. This means that the goods have an expiration … Read more
When a mercado It is fragmented and different buyers and sellers participate but none of them has enough power to influence the market equilibrium, we will say that there is an atomization of the economy. This happens because the size of the buyers and sellers is not large enough to be able to influence the … Read more
Accounts payable are all those debts that a company or organization has incurred and that have not yet been paid. They are debts directly related to the activity that takes place. The concept of accounts payable indicates that there is a debt with a creditor and that you must make the payment for it. These … Read more
The definition of an accounting year is the period of time in which the economic and financial situation of an organization is measured. It also means the period of time between two successive annual balances. In a certain way it can be considered as the accounting period in which the Laboral life Company. What does … Read more
By definition, a fixed asset is a resource or good of the company that cannot be easily liquidated (that is, converted into money). It can be tangible or intangible resources. Examples of tangible fixed assets: company property, equipment, furniture Examples of intangible fixed assets: patents, copyrights, logos and other company brands, as well as shares. … Read more
The annual accounts intend to summarize all the financial information of the company in accessible documents that allow taking the appropriate actions. Among the most common documents in the annual accounts we highlight: Balance Profit and loss account Statement of changes in equity Accounting memory. In some exceptional cases, the cash flow document should also … Read more
An audit is the reflection in its purest state of the accounting in a company. The definition of auditing is somehow understood as the related process carried out in a company with the main objective of gathering information from business accounting. What is an audit for? The audit serves to test a company in terms … Read more
The figure of the attorney refers to a lawyer who represents the client before the court in the field of legal proceedings. This person is in charge of receiving the notifications that may be generated in a legal process, such as the notification of judgments, orders, etc. It also deals with the presentation of the … Read more
