The Key Differences Between UK GAAP and FRS 102
What is UK GAAP? UK GAAP is the technical term for the Generally Accepted Accounting Practice in the UK and…
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What Does It Mean To Register As A Limited Company?
What is a limited company? This is a type of business structure where a company is considered to be legally…
Do You Have To File A Confirmation Statement For A Dormant Company?
A dormant company definition is if your business has had no significant transactions in the financial year. These transactions don’t…
Where Is Depreciation And Amortization On a Balance Sheet?
Your balance sheet is a statement of assets, liabilities, and capital of your business at a particular time, detailing the…
Are Utilities Expenses Assets Or Liabilities?
Utilities expenses are defined as the cost incurred by using services such as electricity, water, heating, waste disposal, and sewage…
Do Utilities Expenses Go On The Income Statement?
What is an income statement? An income statement is a financial statement that shows your business’s income and expenditure. It…