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The accounting for depreciation provides a number of challenges for the accounting student. These include the available methods, ensuring calculations are correct, and dealing with journal entries...
The normal balance of unearned revenue is a credit, being a liability on the balance sheet. We work through an example with journal entries and explanations.
Unbilled revenue is an important part of the balance day adjustments process for financial reporting. Our article works through examples with journal entries to help explain.
In particular, during these difficult times, a question we see coming up is how should accrued income from rent be treated? This article will look at the accounting entries and discuss some of the...
When starting out in your accounting studies some of the earliest material to be covered is that concerning accounting principles. These are the fundamental understandings or agreements in the field...
Debt free affirmations can be of real help to some as they strive to achieve the important goal of becoming debt free in their financial journey.