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A sweep account is actually a grouping of two or more accounts at a bank. It is useful in managing a steady cash flow among a cash account where scheduled payments are made from and an investment account where the cash is able to acquire a higher return.
Q. What do you mean by Liabilities? Liabilities are the debts outstanding by a business. Usually a business should pay its debts by certain dates. A business acquires many of i
what will be the journal entry for this: A debit memo from the bank was received for bank charges P200.00
AL MASA a sole trader,decided to install a new machine to use within her sole trader business
xyz manufactures plastic shelving. The annual fixed cost for its current injection equipment is $ 100,000 variable cost is $25 per unit. The annual fixed cost for a new system is $
Q. Recording changes in revenues and expenses? Examine that Notes Payable, liabilities and increase with an entry on the right (credit) side of the account. Recording changes i
What is journal entry for Input CST which are paid at the time of purchases of goods from other state.
What is the implication of applying accounting concepts wrongly
WHAT ARE THE CHARACTERISTICS OF ASSETS
Is there nay depreciation needed to perform when the revaluation model is applied to the asset?
In earlier section, we had illustrated accounting as the language of business. Along with language, accounting has several dialects. There are dissimilarities in terminology. In de
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