What is a business profit? Business profit refers to the excess of the business' total income less all expenses within the accounting period, which may be presented monthly, quarterly or annually. However, please be informed that a loss, instead of a profit, will be the result if … [Read more...]
What is the Difference between Income, Revenue, and Gain?
What is the difference between income, revenue, and gain? These accounting terms are usually presented and seen in the income statement. They may have similarities, but they are actually different from each other. Financial statements preparers, accountants, and other accounting … [Read more...]
7 Annoying yet Hilarious Spam Comments on Blogs
I’m still manually moderating all the comments on this blog. It doesn't only prevent spam comments to be automatically approved, but it also gives me the opportunity to know my commenters and understand their behaviors. I’m happy to read comments that show gratitude and … [Read more...]
October 2012 CPA Board Exam Results and List of Passers
Update as of October 15, 2012: The official results have been officially released by the PRC! Please see the Roll of Successful Examinees in the October 2012 CPA Licensure Examination below: Previous post as of October 14, 2012: Sunday, October 14, 2012, is the last day of the … [Read more...]
How to be a Responsible Employee
Some people thought that being the own boss of your company is always better than being just an employee—and that is the only career worth your excellence. However, we should accept the fact that not everyone is destined to be a business owner. Also, being a worker for another … [Read more...]
Difference between a Sole Proprietorship and a Corporation
What is the difference between a sole proprietorship and a corporation? When starting a business, it is a common dilemma for aspiring businesspeople and entrepreneurs to choose what type or form of a business they will start. Although a company or business organization can also … [Read more...]
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