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A Beginner’s Guide to Double-Entry Accounting

For assets and expenses a debit entry indicates an increase in the account balance,, and credit entries indica […]

CR Business & Finance

Managers also must pay attention to the ‘ones that care.’ These stakeholders are reputational reflectors (e.g. […]

Normal account balance definition

A contra account is an optional accounting tool you can use d to improve the accuracy of financial statements. […]

Liability Definition, Accounting Reporting, & Types

As with all accounting, current liabilities are part of double entry bookkeeping. It is a simplified represent […]

Pros and Cons of GoDaddy Bookkeeping 2023

Plus, at $4.99 per month, the GoDaddy Bookkeeping Get Paid plan is going to be one of the most affordable busi […]

Why Land is not Depreciated? 2 Exceptions

For example, a graphics tablet that costs $2000 to buy may be expected to last only 5 years at a web design ag […]

Publication 544 2022, Sales and Other Dispositions of Assets Internal Revenue Service

Under this method, companies report their cash flows into three categories. As mentioned above, these include […]

Long-Term Liabilities: Prepare Journal Entries to Reflect the Life Cycle of Bonds Saylor Academy

Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for mo […]

Asset Turnover Explained: Definition and Formulas

You don’t want to be judging yourself on a metric you set yourself—especially when it’s one that’s meant to he […]

Accounting for a fully depreciated asset

Sometimes assets are traded for other assets, and that must be accounted for in the same manner as a disposal […]