Content Insurance Cost Expenses vs Capital Expenditures Capital Expenses Finish Your Free Account Setup What are the two kinds of expenses appear in trial balance? In December 2022, the Field Plumbing Company did some repair work at your place of business and sent you a bill for $600. Under the cash method of accounting, you […]
I have no money in my checking yet i have another paycheck i have’t deposited yet (received from last Friday). But i’m kinda nervous about depositing it even though today is the day to pay my phone bill. A debit note is a commercial seller’s, buyer’s, or financial institution’s notification of a debit placed on […]
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Content Why Is the Accounting Equation Important? How Does the Accounting Equation Differ from the Working Capital Formula? Income statement vs. cash flow statement: Which one should I use? IDENTIFY 5 6 IMPT PUSH FACTORS VARIABLES IDENTIFY PULL FACTORS IF THESE Accounting Equation – Explained Statement of Cash Flows The basic accounting equation However, companies […]
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Content Income statement accounts General ledger format General Ledger What tax return does a business need to file? What Is a Ledger? Format of a Standard Ledger Account What are ledger accounts? Account – In this column, we need to mention the account whose ledger we are creating, for example, the cash account. LiabilitiesLiability is […]
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Companies must assign these costs to the relative centers based on an allocation basis. Costs also may be direct or indirect with respect to particular company segments or divisions. That is, some costs which are indirect for a product, may be traced to a segment or department and thus, will be direct costs for that […]