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

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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6 Proven Steps To Create An Accrual Accounting System That Works For Your Business

6 Proven Steps To Create An Accrual Accounting System That Works For Your Business

In this article, we will be talking about the basics of accrual accounting and how it can help your business. Before beginning your accrual accounting journey, there are a few key concepts to understand. One key concept is that an accounting concept justifies the usage of accruals and deferrals. In other words, you need to

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Comprehensive Guide To Financial Statement Analysis In Accounting: What To Look For And How To Interpret It

Comprehensive Guide To Financial Statement Analysis In Accounting: What To Look For And How To Interpret It

In this article, we will be breaking down the financial statement in accounting analysis and how to interpret it. What to look for and how to analyze the financial statements. Learn how to read a financial statement like a pro. Financial statement analysis is the process of evaluating a company’s financial statements to determine their

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Common Accounting Liabilities: 11 Tips For Beginners

Common Accounting Liabilities: 11 Tips For Beginners

So you’ve decided to incorporate your business. Congratulations! But before you do, you need to make sure you don’t incur any common accounting liabilities. In this article, we will discuss what accounting liabilities are, how to record them, and eleven tips for beginners to help them understand the concept. What are Accounting Liabilities? An accounting

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Is Account Receivable Credit or Debit? Student Hacks

Is Account Receivable Credit or Debit? Student Hacks

Many accountancy students are asking questions if an account receivable credit or debit. Accounts receivable and accounts payable are two financial statements that many small businesses need to keep track of. In this article, we will look at the differences between these two financial statements.   What is an Account Receivable? Account receivables are a

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