Bookkeeping

07 iun.

Bookkeeping

What Is the Specific Identification Method for Inventory?

• noiembrie 8, 2024
• By Nicoleta
• 0 comments

Adjusting the cost of goods sold (COGS) and ending inventory is a key part of the Specific Identification Method. This approach relie...

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06 mart.

Bookkeeping

Post-closing trial balance explanation, example and purpose

• noiembrie 27, 2024
• By Nicoleta
• 0 comments

It is used to verify that the total of all debit balances equals the total of all credit balances, which should be net to zero. This...

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06 feb.

Bookkeeping

Whats the Undeposited Funds account?

• noiembrie 10, 2024
• By Nicoleta
• 0 comments

The next step in clearing undeposited funds involves creating a bank deposit in QuickBooks Online to consolidate and record the pendi...

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02 feb.

Bookkeeping

General Journal in Accounting

• noiembrie 11, 2024
• By Nicoleta
• 0 comments

Once entered, the general journal provides a chronological record of all non-specialized entries that would otherwise have been recor...

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13 dec.

Bookkeeping

Periodic Inventory System Journal Entries Closing Entry

• noiembrie 8, 2024
• By Nicoleta
• 0 comments

Small business owners generally adopt the periodic inventory system while building their company. You can reassess your needs as your...

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17 oct.

Bookkeeping

What is the time period principle? Debitoor invoicing software

• noiembrie 11, 2024
• By Nicoleta
• 0 comments

Basic Accounting Assumptions are fundamental concepts and guidelines under which the financial statements are prepared. The unadjuste...

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17 aug.

Bookkeeping

What is the Matching Principle in Accounting? Explained

• noiembrie 11, 2024
• By Nicoleta
• 0 comments

It should be noted that although the rent for June is paid in advance on 1 April, based on the matching principle, the rent is an exp...

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01 aug.

Bookkeeping

Perpetual inventory system explanation, journal entries, example

• noiembrie 9, 2024
• By Nicoleta
• 0 comments

We had a beginning inventory of $50,000 which was shown on last year’s balance sheet. And during the year, we have made a total of $2...

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28 iun.

Bookkeeping

Semiannual vs Biannual What’s the difference?

• noiembrie 13, 2024
• By Nicoleta
• 0 comments

Investors who purchase the bonds will receive interest payments every six months for the time period. In this example, interest will ...

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28 iun.

Bookkeeping

New PPP Loan Amount Calculations for Schedule C Filers

• noiembrie 13, 2024
• By Nicoleta
• 0 comments

Use the same information as on your PPP application unless the information has changed. In this how to start an internet dating site ...

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