Prepaid Expenses Journal, Asset, Expense, and Examples August 31, 2020 | EOPublisher | Leave a comment Do you ever pay for business goods and services before you use them? If so, these types of purchases require special attention in your books. Note that before the adjusting entry for prepaid insurance is made, the dollar equivalent of the portion of insurance that has expired has to be determined. What is an adjusting… Read More
Cash-Basis vs Accrual Accounting Definition, Pros and Cons July 30, 2020 | EOPublisher | Leave a comment Content What Is the Difference Between Cash and Accrual Accounting? Financial Statement Analysis Cash versus accrual accounting: what is the difference? Advantages and disadvantages of cash-basis accounting Accrual Accounting vs. Cash Basis Accounting: What’s the Difference? Subscribe to our Sage Advice Newsletter This system focuses on cash flow, with a particular emphasis on cash on… Read More
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