When talking about premium we are talking about an adjective added to a service or product due to its characteristics, which are presented as special or of superior quality with respect to other services or products. In order to enjoy an offer of this caliber, the most common is that you have to pay a … Read more
The concept of the principle of uniformity or also called the principle of consistency on lesser occasions, establishes the set of rules followed by a company in relation to accounting and its assets, which is why it is included in the Generally accepted accounting principles. The evaluation criterion of the principle of uniformity indicates that … Read more
The definition of a policy is the document in which the insurance contract and the obligations and rights that both the insurance company and the insured must assume, which are the two parties involved in these contracts. In said documents, the persons, instruments or elements that are going to be subject to this protection are … Read more
The profit and loss account is one of the most important documents in which related data of the company's accounting are collected together with the situation balance. Specifically, the concept of profit and loss account is understood as the summary of each and every one of the expenses and income that an entity generates after … Read more
El apportionment It consists of dividing an amount of money or goods to distribute it proportionally between individuals or months. With prorated payments, something similar would happen, but in this case due to the extraordinary payments of the individuals of a company. A prorated pay refers to when an individual in a company receives the … Read more
The payment receipt, or financial receipt, is an accounting document that certifies the purchase and sale of a product or the provision of a service between two parties by mutual agreement. The concept of proof of payment records any economic transaction carried out, in which a party receives an economic benefit in exchange for the … Read more
The public deed is a document that is processed before a notary and in which a certain event or right authorized by the official himself is recorded, who will be in charge of signing together with the grantors. The official himself will have the mission of attesting to the legal capacity of the content and … Read more
The payments on account of a company are those payments to which the company has to submit to previously pay a tribute, product or service that will be settled later. At the same time, for the guarantee to be fulfilled, the concept of payments on account is regulated by the law of the IRPF in … Read more
The concept of preferred shares refers to a rather complex financial investment instrument. They are issued by a company that does not give the investor political rights and that provides variable remuneration conditional on profits. Preferred shares are halfway between deposit and actions, although they bear more risk than deposits and less than stock investments. … Read more
A partner is a person (natural or legal) who at a certain point in time has acquired certain obligations and rights of a company or organization. The partners have a common purpose which, normally, is to make the organization or society meet its objectives. When the partners join in a company, the rights and obligations … Read more
