Content What Is The Accruals Concept? British Dictionary Definitions For Accrual Making The Jump To The Accrual Concept And Gaap Principles Accrual Method Accounts Payable Journal Entries Accruals Concept Of Accounting Matching Principle Importance One of the most straightforward examples for understanding the matching principle is the concept of depreciation. We believe everyone should be […]
Read moreContent Balance Sheet Definition of Long Term Liabilities What Is the Difference Between Current Liabilities vs Long Term Liabilities? Current vs. non-current liabilities Nature of Business Long-term liabilities are the sum of all the money owed to other persons by a business, over a longer period. When a business lists long-term liabilities in their accounts, […]
Read moreContent State and Local General Sales Tax Gig Economy Delivery Jobs Like Postmates Taxes deductible N.C. Standard Deduction or N.C. Itemized Deductions N.C. Itemized Deductions The seller must maintain the sales tax number or exemption letter for these customers along with a description of the items sold and the sales amount of the items. While […]
Read moreContent Why Do Companies Use Cost Flow Assumptions? Why do different companies use different cost flow assumptions? Ending Inventory, COGS, and Gross Profit for Specific Identification Accounting Principles I LIFO Example However, as the previous statistics point out, this requirement did not prove to be the deterrent that was anticipated. For many companies, the savings […]
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