What is the Accounting Formula: Assets, Liabilities & Equity
Knowing the accounting equation helps in school board exams, competitive tests, and future business careers. It ensures accuracy while making journal entries and understanding company finances. For students, it is a must-know topic for last-minute revision, along with accounting standards and objectives of accounting. It is the foundation for all accounting systems and helps students […]
What Is The Breakeven Point BEP?
Thus, to cover its fixed and variable expenses in this example of the breakeven point, the business has to make SAR 5 million in sales. The financial accounts of a company include the data needed to compute its BEP. The fixed expenses and the gross margin % are the first bep definition pieces of information […]