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  • 28
    აგვ

    Credit memo definition

    Credit memos are also known as credit memorandums or credit invoices. A credit memo is a negative invoice you send to buyers to reduce the price of a previous invoice. Generally, you’ll issue the memo whenever the buyer has a qualifying reason not to pay the total amount of an...

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  • 06
    ივლ

    What is opportunity cost?

    First, money loses its value due to the time value of money, at least they should keep in the bank and earn some interest around 3% – 8% per year. Secondly, the production equipment also different between these two products. It was almost impossible to customize them and keep the...

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  • 26
    მაი

    Does utilities expense go on the balance sheet?

    If so, the business records this deposit as an asset on its balance sheet, rather than charging it to expense. Utility expenses encompass public services required to operate a business or carry out household activities. In the context of household expenses, they encompass essential costs for comfortable living, such as...

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  • 13
    მარ

    What Are T Accounts and Why Do You Need Them?

    The total of all the debit columns is always equal to the total of all the credit columns. For instance, when you receive a payment from a customer, you would always debit your cash account, because the customer payment that you deposited increases your bank account balance. T-accounts are used...

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  • 01
    სექ

    How to Use QuickBooks Online: Step-By-Step Guide

    With these accountant-only tools, you can streamline your work and access customizable reports, so you can advise clients quickly. The accountant toolbox includes quick links to your chart of accounts, journal entries, and reports, as well as tools for performing several functions like reconciliation and reclassifying transactions. Although QuickBooks Online...

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  • 10
    იან

    Solved: Do I include sales tax collected from customers in my gross sales on schedule C?

    Sales taxes are common in the United States, where each level of government may charge an additional percentage of gross sales. They are less common outside the U.S., where many countries use a value-added tax instead. Use taxes are generally set at the same rate as sales taxes but are...

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  • 26
    აგვ

    A Step-by-Step Guide to Recording Journal Entries for Bond Issuance

    They will use the present value of future cash flow with market rate to calculate the bond selling price. In order to attract investors, company needs to sell bond at $ 94,846 only. As shown above, if the market rate is lower than the contract rate, the bonds will sell...

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  • 24
    მარ

    Earnings Per Share Learn How to Calculate Basic and Diluted EPS

    Also, if you are new to the stock market investment journey, you can refer to this article by smallcase – A beginner’s guide to stock market. Therefore, the balance sheet and income statement are used, along with dividends paid on preferred shares (if any) and net income to get a...

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  • 13
    მარ

    What is Accounts Receivable Management? MHC

    It expands the pool of potential customers who can purchase goods or services, and it gives them greater payment options. Companies come to BlackLine because their traditional manual accounting processes are not sustainable. We help them move to modern accounting by unifying their data and processes, automating repetitive work, and...

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