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What is accrual accounting and why is it the preferred method for most Organisations?

Accrual accounting practices more accurately reflect the revenues and expenses during a given time period, ultimately enabling companies to achieve more a...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

When should TDS be booked?

2. When should TDS be deducted and by whom? Any person making specified payments mentioned under the Income Tax Act are required to deduct TDS at the time...

Do Parent PLUS loans get forgiven?

After all qualifying loan payments are complete, you can submit an application. Once approved, the remainder of your parent PLUS loans will be forgiven ta...

How do you defend a winding up petition?

Common Defences for a Winding Up Petition Pay off the creditor (they will also want the costs of bringing the petition reimbursed too). Agree a Company Vo...

How can I find historical stock prices?

To find a historic stock price, visit: and search for the name of the company or ticker symbol in the search box (e.g. Alphabet is symbol GOOG). Click on ...

What is the most eco friendly heating system?

geothermal heating According to Energy Star reports, geothermal heating is the most environmentally friendly and efficient way to heat your home. This doe...

What would a car payment on 20000 be?

For instance, using our loan calculator, if you buy a $20,000 vehicle at 5% APR for 60 months the monthly payment would be $377.42 and you would pay $2,64...

What is a 401k through employer?

What is a 401k? A 401k is an employer-sponsored retirement account. It allows an employee to dedicate a percentage of their pre-tax salary to a retirement...

What causes a decrease in assets and a decrease in equity?

Changes to Revenues and Assets Since stockholders’ equity is equal to the sum of assets plus liabilities, an increase in assets causes an increase in stoc...

Do independent insurance agents handle claims?

Although the insurance company manages the claim, independent agents often are the point of contact for insureds and play a crucial role in the claims pro...