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Inventory and Cost of Goods Sold [Part 6]
[ source ] Methods of Estimating Inventory There are two methods for estimating ending inventory: 1. Gross Profit Method 2. Reta...
Accounting Equation
Definition, Meaning, and Usage The Accounting equation is a commonly used name for the properties of the balance sheet: Assets = ...
Income Statement Accounts
The income statement accounts are categorized in a variety of ways. Here are the classifications we will be using: Operating revenues ...
Single Entry System (Single Entry Accounting Bookkeeping)
Definitions, Meaning, and Examples A few businesses choose single entry accounting instead of the more common double entry system. With...
How Can I Communicate Better at the Office?
Gauge Your Office Environment and Communicate Accordingly All offices are different. That's partially because companies try an...
Statement of Stockholders' Equity; Closing Cut-Off; Importance of Controls
Statement of Stockholders' Equity The fourth financial statement is the statement of stockholders' equity. This statement lists...
Dividend, Ex-Dividend, Dividend Yield and Related Terms
Definitions, Meaning, and Examples Dividends are profits distributed directly to shareholders (owners), thereby serving as one means o...
General Ledger Accounts
The accounts that are used to sort and store transactions are found in the company's general ledger . The general ledger is often arra...
How to Avoid Coming on Too Strong in Your Job Search
How to Avoid Coming on Too Strong in Your Job Search During the job search, it’s all too easy to feel emotionally involved. After...
Budgeting and cash flow
Budgets are statements setting out the planned performance of a business typically in a table made up of numbers. Usually these plans d...
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