Business Tips Philippines: Business Owners and Entrepreneurs’ Guide

Tips on Using Credit Cards: The Dos and Don’ts

March 21, 2012 Vic 2 Comments

Credit cards are for the convenience of their holders – the customers. Credit card holders can enjoy shopping even if they don’t have cash as long as the total charges don’t exceed their maximum credit line. Customers may also enjoy rewards and points which can be redeemed for … [Read more...]

25 Benefits of Having a Website for Your Business

March 18, 2012 Vic 3 Comments

Any business, large or small, is not exempted to innovation. If you’re a business owner, you should always make sure that you’re in a competitive advantage to avoid being eaten alive by the competition. One of the most important things you should consider to stand out from the … [Read more...]

Magnum Ice Cream in the Philippines

March 16, 2012 Business Tips 9 Comments

What is this Magnum Ice Cream that is making a craze in the Philippines? I first saw this tasty yummy looking chocolate coated ice cream on a stick posted on my friends’ statuses on Facebook. Looking at the product, it delivers a classic and world-class packaging marked with the … [Read more...]

Sample Balance Sheet and Income Statement

March 14, 2012 Vic 3 Comments

The following are sample balance sheet (statement of financial position), income statement, and statement of changes in owner’s equity for an individual or sole proprietorship business. These sample financial statements are actually the ones we have discussed and prepared in our … [Read more...]

How to Make a Statement of Changes in Owner’s Equity

March 13, 2012 Vic 1 Comment

The statement of changes in owner’s equity is a separate component of financial statements for a sole or single proprietorship business. It presents how the capital shown in the balance sheet equity section changes over a period of time. It also shows the effects on the capital … [Read more...]