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Accrual Accounting Journal Entries Label

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Accounting / July 19, 2018 / Collins Barber

An asset retirement obligation (ARO) is a liability associated with the eventual retirement of a fixed asset. The liability is commonly a legal requirement to return a site to its...

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Accounting / August 3, 2018 / Pearl Bailey

If the stock does poorly, however, the investor won’t be able to convert the security to stock and will only have the yield to show for his or her investment....

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Accounting / August 3, 2018 / Willow Mccoy

Debit to cash flow ratio - more simply known as debt ratio - is a comparison of a company's operating cash flow to it's overall debt. The purpose of...

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Accounting / August 3, 2018 / Sharon Hardin

An income statement is a financial statement that reports a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business...

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Accounting / August 3, 2018 / Pearl Bailey

Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical manner than the traditional approach of simply allocating costs on the basis of machine hours. Activity...

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Accounting / August 3, 2018 / Pearl Bailey

Because leases are legally binding agreements, your landlord can take legal action to recover back rent payments. In most cases, your landlord will win the lawsuit and a judge will...

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Accounting / August 3, 2018 / Khloe Santiago

Reconciliation is particularly useful for explaining the difference between two financial records or account balances. Some differences may be acceptable due to the timing of payments and deposits. Unexplained or...

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Accounting / August 3, 2018 / Khloe Santiago

Bank reconciliation statements ensure payments have been processed and cash collections have been deposited into the bank. The reconciliation statement helps identify differences between the bank balance and book balance,...

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