Lodgements is a deposit made into a bank account, typically in the form of cash, checks, or electronic transfers. In bookkeeping, lodgements are recorded as increases in bank or cash account balances. They’re important for reconciling bank statements and maintaining accurate cash flow records.
Life cycle costing analyses the total cost of owning, operating, maintaining, and disposing of an asset over its useful life.…
Labour cost variance measures the difference between the standard labour cost and the actual labour cost incurred. It helps identify…
A loan covenant is a condition or restriction set by lenders to ensure borrowers maintain financial discipline. Covenants may require…
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