Russia Economic Report

Investment in Russia was also strong in the second quarter of 2021 and the current account surplus reached multiyear highs on elevated commodity prices and low outbound tourism and reached $82 billion by September 2021. The situation today is very different from that...

Accounts receivable days definition

This means that the higher the average receivable amount within a period with constant revenue, the longer the company has to wait for payment. To calculate the Days Sales in Receivables Formula, you need to follow a few simple steps. By understanding this formula,...

Income summary account

In a corporation, the amount in the income summary jumps to the balance sheet. It increases — or in the case of a net loss, decreases — retained earnings. When dividends are declared by corporations, they are usually recorded by debiting Dividends Payable and...