Operating leases are treated as rental expenses for the lessee, and refer to contracts that permit use, but not ownership, of an asset. Operating leases are accounted for through the recording of periodic payments on the... More » Business & Finance Business Resources Accounting

A business debt schedule consists of a detailed list of the debt the business has incurred, such as loans, contracts, leases and notes payable, according to Fundera. The business debt schedule typically only includes lon... More »

To calculate a company's operating leverage, take the company's sales and subtract its variable expenses, then take the resulting number and divide it by the company's net operating income. The resulting number will dete... More » Business & Finance Business Resources Accounting
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A contra asset is a negative asset account used in a balance sheet to offset a positive account it is paired with. Businesses use a contra-asset account combined with a paired account to find the net, or book value, of a... More » Business & Finance Business Resources Accounting

Contractors and subcontractors working on federally funded or assisted contracts that exceed $2,000 use the Davis-Bacon Wage Determination Scale. The Davis-Bacon Wage Determination Scale is used to determine how much con... More » Business & Finance Business Resources Accounting

The depositor account title indicates the ownership of the funds in a deposit account. Put simply, it is the name that appears on the deposit account record. More »

"Miscellaneous expense" is a general ledger account used for small expenses not recorded in other accounts, according to the accounting dictionary on Simplestudies. Accounting Coach notes that it is generally better to s... More »