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Ap Process Cycle Label

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Accounting / July 17, 2018 / Ariyah Lang

I recall being asked to reconcile the general ledger account Freight Payable. What I needed to do was provide documentation that the balance in Freight Payable was proper. I proceeded...

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Recognition ExamplesRecognition Examples

Accounting / August 3, 2018 / Sharon Hardin

A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The goal of...

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Accounting / August 3, 2018 / Pearl Bailey

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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Linear Regression ExampleLinear Regression Example

Accounting / August 3, 2018 / Collins Barber

A tangible, long-term asset used for the business and not expected to be sold or otherwise converted into cash during the current or upcoming fiscal year is called a fixed...

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Exponential Functions ExamplesExponential Functions Examples

Accounting / August 3, 2018 / Khloe Santiago

Convertible bonds are bonds that are issued by corporations and that can be converted to shares of the issuing company’s stock at the bondholder’s discretion. Convertible bonds typically offer higher...

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Year To Date Profit And Loss StatementYear To Date Profit And Loss Statement

Accounting / August 3, 2018 / Holly Mercer

Reconciliation is an accounting process that uses two sets of records to ensure figures are correct and in agreement. It confirms whether the money leaving an account matches the amount...

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Working Capital ExampleWorking Capital Example

Accounting / August 3, 2018 / Ariyah Lang

Capital lease The present value of all lease payments is considered to be the cost of the asset, which is recorded as a fixed asset, with an offsetting credit to...

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Pro Forma Financial StatementsPro Forma Financial Statements

Accounting / August 3, 2018 / Willow Mccoy

In order to not get totally overwhelmed, it’s helpful to take things one segment at a time. For instance, feeling confident when discussing the business’s financial needs should be a...

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