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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 is an accrual in simple terms?

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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What are the main 3 financial statements in accounting?

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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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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Which accounts are liabilities? Are expenses liabilities? What is liabilities in simple words?

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 accounts receivable the same as credit?

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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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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