by angeles | Apr 13, 2022 | Bookkeeping
After entering the quantity (On Hand), you’ll no longer need to use the inventory adjustment. This also applies when you create the purchase transaction of the item manually. Please see this article for more information about adjusting your inventory quantity or... Read More
by angeles | Nov 8, 2021 | Bookkeeping
Content Additional Example of the Sales Tax Calculation You Made It! Tax Season Is Finally Over. Here’s How To Make It Easier Next Year How sales tax is calculated How to Calculate Sales Tax Methods & Examples Example Question #10 : Monetary Percentage How... Read More
by angeles | Jul 5, 2021 | Bookkeeping
The rent accounts or the interest accounts are the best examples of non-realistic accounts. Accounts relating to individuals and organizations are called personal accounts. Like Mohan’s account, Shankar Vastalaya’s account became a personal account. As such, the... Read More
by angeles | Jun 22, 2021 | Bookkeeping
Where a general ledger is given confidential access, individuals who have tampered with other accounting records do not have access to the general ledger to replicate their changes. Apart from all these, a general ledger also makes filing tax returns easy as revenues... Read More
by angeles | May 24, 2021 | Bookkeeping
The discounted payback period is calculated by discounting the net cash flows of each and every period and cumulating the discounted cash flows until the amount of the initial investment is met. This requires the use of a discount rate which can be either a market... Read More
by angeles | Apr 13, 2021 | Bookkeeping
If the result is a positive number, this means that your business has increased its cash reserves and, therefore, expanded its overall assets. For example, a negative balance can result from issuing dividends to shareholders or paying off long-term debt. Analyzing the... Read More
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