Compensation and Benefits
KEISER UNIVERSITY
MIAMI CAMPUS
OMAR TINOCO
ACG 4111
Compensation and Benefits
In the accounts of a company we find various operations according to the business,
within which to register our operations we can find cash accounts, banks, purchases, sales, bills
payable, taxes payable and other of the many accounts we know and each of these accounts is
against that at the end of the accounting year they will reflect what is income and expenses, plus
our bills at the end of the period end with a credit balance and others with a debit balance after
these operations.
At the end of our accounting and following operations have been carried out in our company
period will have made a profit or loss depending on how we have gone in the period. This gain or
loss as the anger case to the income statement recognized as the account number 129. If the
account balance is a credit means that it will be a benefit to the company; ie the company will
have obtained profits may be distributed among all beneficiaries; on the other hand, if the
