当座預金 (toza yokin) refers to a current account or checking account in Japan. This type of bank account is designed for frequent transactions and allows account holders to deposit and withdraw money easily, make payments, and write checks.
Toza yokin is primarily used by businesses and organizations for managing their day-to-day financial operations. Unlike savings accounts, current accounts typically do not earn interest. However, they offer greater flexibility and liquidity, making them ideal for handling routine financial activities such as paying suppliers, receiving customer payments, and managing payroll.
Features of toza yokin include the ability to write checks, access to overdraft facilities, and the convenience of electronic funds transfers. Account holders can also use online banking services to monitor transactions and manage their accounts efficiently.
See Also
減価償却費 (genkashoukyakuhi) means depreciation expense in Japanese.
Depreciation expense is the accounting process of allocating the cost of tangible assets over their useful lives. This method recognizes that assets like machinery, vehicles, and buildings lose value over time due to wear and tear, usage, or obsolescence.
In Japan, depreciation expense is a significant component of financial statements, helping businesses reflect the declining value of their fixed assets accurately. The amount and method of depreciation can affect a company's taxable income, making it crucial for tax reporting and financial planning.
The two common methods of depreciation in Japan are the straight-line method, where the asset's cost is spread evenly over its useful life, and the declining balance method, where higher depreciation expenses are recorded in the earlier years of the asset's life, decreasing over time.
Understanding and correctly applying depreciation expense is essential for accurate financial reporting and tax compliance in Japan.
In Japanese, the term 経費 (keihi) refers to "expenses" or "business expenses." These are the costs incurred in the process of running a business. Keihi can include a wide range of expenditures such as rent for office space, utilities like electricity, water, and internet, employee salaries and wages, office supplies, travel expenses, marketing and advertising costs, and depreciation of assets. Properly tracking and managing keihi is essential for maintaining accurate financial records, budgeting, and ensuring compliance with tax regulations. In Japan, businesses must be meticulous in documenting and categorizing their expenses to maximize tax deductions and maintain transparency with the tax authorities.
償却資産 (shoukyaku shisan) is a Japanese term that translates to "depreciable assets" or "amortizable assets" in English. It refers to tangible fixed assets that are subject to depreciation over time due to wear and tear, obsolescence, or usage.
Examples of 償却資産 include machinery, equipment, buildings, and vehicles. These assets are capitalized on a company's balance sheet and their cost is gradually expensed through depreciation over their useful life. This accounting practice helps in matching the cost of the asset with the revenue it generates, providing a more accurate picture of a company's financial performance.
Frequently Asked Questions
当座預金 (toza yokin) refers to a current account or checking account in Japan. This type of bank account is designed for frequent transactions and allows account holders to deposit and withdraw money easily, make payments, and write checks.
Current account or checking account is 当座預金 (toza yokin) in Japanese.
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