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Discount on Bonds Payable: All You Need To Know +Examples

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Simultaneously, it creates a separate account called “Discount on Bonds Payable” to represent the difference between the face value and the actual amount received from investors. When a company issues bonds at a discount, it means the bonds are sold at a price below their... Continue reading

Expanded Accounting Equation Explanation and Examples

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This information helps in assessing the company’s financial performance and its ability to generate shareholder value over time. Understanding the debt a firm owes to others is called a(n) liability, which can be instrumental for any business owner. It assists in translating complex financial transactions... Continue reading

Contra Account Definition + Journal Entry Examples

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Accounts Receivable (AR) refers to the money a company is owed by its customers for goods or services that have been delivered but not yet paid for. This amount represents a short-term asset on the company’s balance sheet and indicates the credit extended to customers.... Continue reading

How To Do Accounting for Your Startup: Steps, Tips, and Tools

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QuickBooks accounting software makes tracking financial documents easy. On the platform, you can manage bills, track expenses, calculate tax deductions, assess project costs, view and manage inventory, and manage invoices and payments — all on one platform. Plus, QuickBooks makes it easy to integrate with... Continue reading

Debits and Credits T-Accounts, Journal Entries

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No matter what type of accounting you are using, you can use a T-account as a visual aid in recording your financial transactions. As I stated before, some accounts will have multiple http://www.advi.ru/eng/index.php3?mag=19&rub=0 transactions, so it’s important to have a place number each transaction amount... Continue reading

Carlsbad Accounting, Wealth and Business Consulting Services

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Our services are tailored to the unique needs of each client, ensuring the best possible results and maximized returns. It doesn’t matter if you’re just needing help with your own personal taxes, filing tax returns for your whole family, or filing for your business. Conveniently... Continue reading

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