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Letter of Credit It is a document that is generated by a bank for use by one of its clients. This document expresses the bank’s willingness to guarantee the ...

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How to Look Rich When You are Not There cannot be two views about it: everyone wants to become rich! And there is no harm in that. People with lots and ...

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How to calculate shareholder's funds The amount of equity belonging to the shareholders in a company is referred to as shareholder’s funds. The amount of ...

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General Ledger A collection of plenty of accounts that are utilized to record and sort information from a company’s financial transaction is known as a ...

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Fundamental Accounting Formula Double entry accounting is logically predicated on the fundamental accounting formula. The formula is mentioned below: ...

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Expanded Accounting Equation Similar to the basic accounting formula, the expanded accounting equation portrays the relationship among the different ...

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Double Entry System The double entry system of accounting requires each business transaction to be associated with two or more accounts. For instance, when an ...

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Difference Between Finance and Accounting Finance and accounting are two entirely different disciplines that are generally considered one and the same thing. ...

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Credit Memo

Credit Memo One kind of credit memo is issued by a seller to decrease the amount owed by a customer from a sales invoice that was issued in the past. For ...

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Certified Public Accountant Career Guide The US Bureau of Labor and Statistics is responsible of keeping an eye at all major professions and industries in the ...

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