why is buying trading-stock from cash not regarded as an expense?

user57588Dec 02, 2018

First of all I understand that bank money is an asset and so is trading-stock, but why is buying trading-stock not regarded as an expense to the business?

Changing Bank Account Number regularly to reduce fraud

Lawrence ColesDec 02, 2018

4 others and myself are going through the motions of renting a student accomodation in the UK. So far we have had to pay a holding fee to secure the flat. To do this we...

What's the difference between Term and Whole Life insurance?

LBushkinDec 02, 2018

How would one decide which is most appropriate? Are there tax or benefits differences that one offers over the other?

Does the cost of long-term care insurance depend on your health?

Ben CrowellDec 02, 2018

I’m 50, living in California, planning to retire early at 60, and am trying to do projections of to make sure my wife and I have enough money so that I can do...

Am I formally insured during the COBRA election period if I ultimately choose not to elect coverage?

eLillieDec 02, 2018

I have recently quit my job to freelance and I am now in a position where my old health insurance ends on 8/31, but my new health insurance can only begin as soon as...

Does WageWorks / FSA verify your claim submissions with your health provider?

CMilianDec 02, 2018

I underwent a medically necessary treatment with my healthcare provider as soon as my insurance went into effect for the current period, and paid via an FSA card....

How to get individual long-term disability insurance when you already have a group LTD plan with your employer?

SteveDec 02, 2018

I am a tech worker. My employer offers group LTD that covers 60% of my salary? I went out in the market to get an individual policy but my agent cannot find a company...

Compound Interest & Mortgages

user7448572Dec 02, 2018

Mortgages are compounded 2 times a year in Canada and 12 times a year in the USA. However, I read that mortgages are simple interest and not compound interest because...

Best Practices for Buying a House?

leeand00Dec 02, 2018

Here’s what I think I know about buying a house: Get a home inspector to check the place out first before you do anything, to avoid ending up in a money pit. I...

How is interest rate calculated for a floating mortgage

Yu ZhangDec 02, 2018

I am trying to calculate the amount of interest I need to pay for a mortgage that just turned from fixed to floating. Current balance is: -550,000 Interest rate: 5.95%...