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HomeAccrued Income Label

Accrued Income Label

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Cash Basis AccountingCash Basis Accounting

Accounting / June 21, 2018 / Khloe Santiago

The use of "standard" leases is just a negotiating tactic, and not one that usually favors the tenant. The cost of renting property for your business will be one of...

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T Account ExampleT Account Example

Accounting / July 31, 2018 / Ariyah Lang

The value of any asset can be said to depreciate when it loses some of that value in increments over time. Depreciation occurs due to wear and tear. Various methods...

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Prepaid Expense Journal EntryPrepaid Expense Journal Entry

Accounting / July 19, 2018 / Collins Barber

As with all financial reports, trial balances are always prepared with a heading. Typically, the heading consists of three lines containing the company name, name of the trial balance, and...

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Linear Regression ExampleLinear Regression Example

Accounting / August 3, 2018 / Collins Barber

The cash flow statement is one of the three main financial statements that show the state of a company's financial health, the other two being the balance sheet and income...

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Accounting / August 3, 2018 / Holly Mercer

Depreciation expense reduces profit but does not impact cash flow. Hence, it is added back. Similarly, if the starting point profit is above interest and tax in the income statement,...

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Working Capital ExampleWorking Capital Example

Accounting / August 3, 2018 / Ariyah Lang

Under IFRS, there are two ways of presenting interest in the cash flow statement. Many companies present both the interest received and interest paid as operating cash flows. Others treat...

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Accounting / August 3, 2018 / Pearl Bailey

In some cases, your business may choose to use cash accounting. Cash-based accounting is simple in comparison to accrual accounting. Sales are posted when the cash is received from the...

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Pro Forma Financial StatementsPro Forma Financial Statements

Accounting / August 3, 2018 / Willow Mccoy

The income statement is divided into two parts: operating and non-operating. The operating portion of the income statement discloses information about revenues and expenses that are a direct result of...

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Accounting / August 3, 2018 / Sharon Hardin

There are three main financial statements: the balance sheet, income statement, and cash flow statement. The balance sheet provides an overview of a company's assets, liabilities, and owner's equity as...

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Accounting / August 3, 2018 / Khloe Santiago

This means that you divide net sales, from the income statement, from the inventory figure on the balance sheet and you get a number that is a number of times....

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