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How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
contractee account is it an assets account or expenses Account
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began his business with equipment valued at $40,000 and place $400,000 in the business checking account. what are the accounts affected?
Q. Prepare a trial balance with example? The Larry Fisher was captain of the football team at Prestige University. Afterwards he earned a master's degree in business administra
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How to setup T accounts
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profit
When does something that is a debit becomes a credit?
Firstly, clear mark or file all barter income and expense documents as "bartering," and retain all original source documents pertaining to your barter transactions. You are require to credit - Bartering Income and then debit the expenses for the services your company received.
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