The letter of credit-payable balance sheet account has a zero balance. The advisory fee and bank charge appear on the income statement.

Then, subtract these from your income. Ideally, you should arrive at a balance of zero. If you end up with a negative number, it may indicate that you're spending beyond your means and need to cut ...

Along with receiving your income every month, a salary account can empower you with managing your finances and savings by offering unique features. One of the most attractive features of a salary ...