A Small Business Guide to Cost Centers

This center of activity is different from a profit center in which a profit center does generate both revenues and expenses. The primary way in which managed care plans work is by establishing provider networks. A provider network serves plan members over a certain...

Global Container Shipping Company

The supplier takes full responsibility for the computers and must either reimburse Company XYZ or reship the computers. FOB shipping point and FOB destination indicate the point at which the title of goods transfers from the seller to the buyer. The distinction is...

Understanding The Normal Balance of an Account

In a general ledger, or any other accounting journal, one always sees columns marked “debit” and “credit.” The debit column is always to the left of the credit column. Under this column, normal balance of accounts the difference between the debit and the credit is...