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What is the meaning of journal entry in accounting?

What is a Journal Entry in Accounting (Filipino Student’s Ultimate Guide)

A journal entry is a record of every transaction that takes place within an accounting system. It is the end result of all transactions that take place in an accounting system.   What is a Journal Entry in Accounting? A journal entry in accounting is a record of a financial transaction that has taken place. …

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What are the essential soft skills for Filipino accountants?

12 Essential Soft Skills For Accountants in the Philippines

If you are a Filipino accountant, you need to read this! These are the top 12 tips for developing excellent soft skills for accountants in the Philippines. Want to become a better accountant? Read these tips and improve your soft skills for accountants. As a professional in the accounting field, Filipino accountants must have strong, …

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What is difference between accounting and finance?

Accounting Finance Terms: Ultimate Guide For Students

As a student of accounting, finance, or business management, you need to be familiar with a variety of terms to make informed decisions and manage your finances effectively. In this guide, we’ll discuss some of the most important words in accounting finance and how they impact business. You are a student with a side hustle. …

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What is the 3 accounting equation?

Accounting Equation: 19 Tips For Accountancy Students

In this article, we will discuss the formula for the accounting equation. We will also provide some tips on how to use it effectively. Accounting Equation Formula The accounting equation is a mathematical formula used in accounting. It is used to calculate financial statements such as the income statement and the balance sheet. The basic form of …

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What is the role of accounting for managers?

Accounting For Managers to Make Accurate Financial Decisions

To make accurate financial decisions, managers must be able to understand and use accounting information. Accounting for managers is the process of recording, classifying, and summarizing financial transactions to provide useful information for business decisions. Managers need to be able to read financial statements and other reports to assess a company’s financial health and performance. …

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