” However, offering discounts results in major benefits, like increased sales and customer loyalty. The word “sales” is commonly used for all types of income generating sources not just sales of products. Services, rental income, and commissions are often called sales on companies’ books. Before the sales accounts are closed, they are recorded on the […]
Our dedicated experts and easy-to-use tools make managing your money and paying the right tax effortless. Before the final standard is issued by IASB, ASC and ICPAS will continue to monitor the development of the proposed standards in IASB. After considering the recommendations and comments from the subcommittees, the Accounting Standards Committee of ICPAS will […]
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