Chuyên mục: Bookkeeping

• by: master562 Bookkeeping 0 2020-12-12 02:43:51

  You need to calculate the trial balance at the end of the fiscal year. The objective of the trial balance is to help you catch mistakes in your accounting. You need to perform these bookkeeping tasks throughout the entire fiscal year. Generally accepted accounting principles (GAAP) require public companies to use accrual accounting for their […]

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• Deferred Expenses Definition, Examples How to Account?

  by: master562 Bookkeeping 0 2020-10-21 07:59:11

  Deferred expenses, also known as deferred charges, fall in the long-term asset category. Full consumption of a deferred expense will be years after the initial purchase is made. Both prepaid and deferred expenses are advance payments, but there are some clear differences between the two common accounting terms. Under the accrual basis of accounting, recording deferred revenues […]

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