A significant decrease in post-harvest loss can alleviate food insecurity all over the world. Simultaneously, food safety can be ensured by protecting commodities from mold growth and contamination. This will result in better health and empower small communities, which can, in turn, alleviate poverty. What are the 4 causes ofRead More →
If you have capital losses that exceed capital gains in the current year, you can (but don’t have to) carry back the losses to any of the 3 preceding taxation years to be deducted against capital gains in those years. Capital losses can also be carried forward indefinitely. What isRead More →
CFDs are free from stamp duty, but you may pay capital gains on your profits. … When trading CFDs, your losses can be offset against your profits for capital gains tax purposes. The other form of tax that may impact you when you trade derivatives in the UK is incomeRead More →
Debit expenses and losses, credit income and gains. … Temporary or nominal accounts include revenue, expense, and gain and loss accounts. With nominal accounts, debit the account if your business has an expense or loss. Credit the account if your business needs to record income or gain. What accounts areRead More →
The amount of the short-term loss is the difference between the basis of the capital asset–or the purchase price–and the sale price received for selling it. Short-term losses can be used to offset short-term gains that are taxed at regular income, which can range from 10% to as high asRead More →
The CRA allows you to carry net capital losses back up to three years. If you have capital gains from previous years, this is a great way to offset them. To calculate your carryback, you have to check the inclusion rate for the year to which you are applying yourRead More →
Friction and windage losses are caused by friction in the bearings of the motor and aerodynamic losses associated with the ventilation fan and other rotating parts. Variable losses consist of resistance losses in the stator and in the rotor and miscellaneous. What is windage loss in DC generator? The airRead More →
Unrealized income or losses are recorded in an account called accumulated other comprehensive income, which is found in the owner’s equity section of the balance sheet. These represent gains and losses from changes in the value of assets or liabilities that have not yet been settled and recognized. How doRead More →
Unrealized income or losses are recorded in an account called accumulated other comprehensive income, which is found in the owner’s equity section of the balance sheet. These represent gains and losses from changes in the value of assets or liabilities that have not yet been settled and recognized. How doRead More →