Royalty payment Wikipedia

Most students have the question that a royalty account is which type of account. The system of having to share certain revenues that occurs between the lessor and the lessee can be formally defined as royalty. Hence, this can answer the question that students have about royalty is which type of account. A stepped royalty […]

Which Transactions Affect Retained Earnings?

Thus, retained earnings balance as of December 31, 2018, would be the beginning period retained earnings for the year 2019. This is the amount of retained earnings to date, which is accumulated earnings of the company since its inception. Such a balance can be both positive or negative, depending on the net profit or losses […]

Restrictive endorsement financial definition of Restrictive endorsement

It may come in various types, including a restrictive endorsement. Primarily, this type of endorsement limits the use of an instrument or check. One of its common examples includes a “For Deposit Only” check, which confines a check holder to deposit the amount in their account only. It’s also good to check the contract you […]

Liability: Definition, Types, Example, and Assets vs Liabilities

The good news is that for a loan such as our car loan or even a home loan, the loan is typically what is called fully amortizing. For example, your last (sixtieth) payment would only incur $3.09 in interest, with the remaining payment covering the last of the principle owed. For example, assume the owner […]