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Bookkeeping

Debits and credits

After you have identified the two or more accounts involved in a business transaction, you must debit at least one account and credit at least one account. For example, when a company borrows $1,000 from a bank, the transaction will affect the company’s Cash account and the company’s Notes Payable account. When the company repays...

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Debits and credits

After you have identified the two or more accounts involved in a business transaction, you must debit at least one account and credit at least one account. For example, when a company borrows $1,000 from a bank, the transaction will affect the company’s Cash account and the company’s Notes Payable account. When the company repays...

Continue reading

Debits and credits

After you have identified the two or more accounts involved in a business transaction, you must debit at least one account and credit at least one account. For example, when a company borrows $1,000 from a bank, the transaction will affect the company’s Cash account and the company’s Notes Payable account. When the company repays...

Continue reading

Money blog: Football fans can be rejected from job if they support rival team, judge says

Whether you opt for basic bookkeeping or full-service bookkeeping and accounting, either option can help you be better prepared come tax season. Hourly rates can range from $20 to $100 or more per hour, while monthly rates may range from $200 to $500 or more per month for small businesses. Bookkeeping rates are typically charged...

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