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Category Archives: Bookkeeping
IAS 2 Accounting for the Write Down and Loss...
If the inventory write off is immaterial, then a business will often charge the inventory write off to the Cost of goods sold account. The problem with charging the amount to the cost of goods sold ac ...
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What is the difference between work in proce...
It ensures that the business will profit fully by paying a percentage at each stage. It is typically used in the context of manufacturing or business processes. Have you heard someone say that somethi ...
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AS 3101: The Auditor’s Report on an Au...
An entity might require shareholders, the board of directors, or owners to have the entity’s financial statements audited annually. This had a major impact in one of the quarters to follow, where audi ...
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1 15 Closing Entries Financial and Manageria...
Permanent (real) accounts are accounts that transfer balances to the next period Bookkeeping for Consultants and include balance sheet accounts, such as assets, liabilities, and stockholders’ equity. ...
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Creating the Least-Squares Regression Equati...
Say that we wanted to predict the GPA for two students, one who had an SAT score of 500 and the other who had an SAT score of 600. To predict the GPA scores for these two students, we would simply plu ...
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Xero Accounting Software In-Depth Review 202...
This makes it a versatile tool for small businesses that need to streamline their operations. Next up, the Growing package costs $32 per month and lets you send invoices and quotes, enter bills and re ...
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