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Which 3 cities make up the industrial triangle?

Economic planners favoured the development of heavy industries: iron, steel, machine tools, agricultural machinery, and petrochemicals have been produced ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do I put my house in trust with a mortgage?

You must sign the promissory note for the mortgage or refinancing and must also sign the deed of trust and any riders of the promissory note or deed of tr...

What creditor means?

A creditor is an entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the futur...

What phones are coming in 2021?

Here are the upcoming smartphones in 2021. Redmi Note 10, Redmi Note 10 Pro. Realme 8, Realme 8 Pro. Realme X4, Realme X4 Pro. Realme X60 Pro 5G. Poco X4,...

What is meant by adjusting entries?

An adjusting journal entry is an entry in a company’s general ledger that occurs at the end of an accounting period to record any unrecognized income or e...

How do you prepare a cash statement?

Preparation under Indirect method Stage 1: Operating profit before changes in working capital can be calculated as follows: Stage 2: Effect of changes in ...

What type of account is a vendor?

Accounts Payable A company’s short-term debt or money owed to suppliers, vendors and creditors is an Accounts Payable. How do I get a vendor account? Crea...

What can share premium be used for?

It is a statutory reserve which forms part of a company’s non-distributable reserves. Subject to the companies articles, the share premium account may be:...

What processes could be used by an Organisation to ensure that employees are consulted and involved in decision-making?

5 ways to get employees involved in decision-making Form a committee. Once a company reaches a certain size, it can be hard to hear everyone’s voice. Sugg...

Can ledger be used as a verb?

Ledger is a verb and can also act as a noun. Should general ledger be capitalized in a sentence? Capitalize the “proper” name part of full names when usin...