Nombre del autor:Comercial Q Seguridad

The chart of accounts is a very useful tool for the access it provides to detailed financial information for individuals within companies and others, including investors and shareholders. For example, a company may decide to code assets from 100 to 199, liabilities from 200 to 299, equity from 300 to 399, and so forth. Those

Though not literally cash, it’s money that can be easily and quickly accessed, which is why it’s «on hand.» If there’s a shortage or overage, a journal line entry is recorded to an over/short account. If the petty cash fund is over, a credit is entered to represent a gain. The person signing to approve

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Tom, a real estate agent, purchased a camera to take photos of properties for sale. Tom may take a Section 179 or bonus depreciation deduction for the camera for 2018, even though he didn’t actually use it that year, because it was ready and available for use then. Traditional depreciation requires that businesses write off

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