Answers about Business Accounting and Bookkeeping

Question

Yes, office supplies are typically considered part of a company's inventory. Office supplies such as pens, paper, printer cartridges, and other consumables are
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Small Business and Entrepreneurship



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Disadvantages of manual accounting?

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Manual accounting, while it may be suitable for some small businesses, has several disadvantages compared to computerized accounting systems: Prone to Errors: M
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Business Accounting and Bookkeeping








Why ledger is called king of all accounts?

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Business Accounting and Bookkeeping








What are the reason for charging depreciation?

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The Reasons why Depreciation are Charged are as follows:It help as a replacement of assets.It reduces tax paid on profit.It follows the marching concept which s
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Business Accounting and Bookkeeping



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How to replace windows home to windows pro?

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If you're looking to replace your Windows Home operating system with Windows Pro, the best place to start is by buying a copy of the software from Microsoft. Mi
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Business Accounting and Bookkeeping








What are Strict liability?

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Business Accounting and Bookkeeping








In what ways is a bookkeeping software helpful?

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Bookkeeping software offers several advantages for businesses, ranging from improved accuracy and https://lamcaptoc.com efficiency to enhanced financial management. Here are some way
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Math and Arithmetic



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What is the cost price of windows 7?

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The cost price of Windows 7 may vary depending on the source from which you intend to purchase it. As of my last knowledge update in January 2022, http://mussarpedia.com Microsoft off
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Economics



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What is a revenue cycle?

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Here is a simple explanation of Revenue Cycle Management (RCM) in healthcare: The Revenue Cycle Management (RCM), process starts when the patient schedules an a
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Business Accounting and Bookkeeping








What is excess revenue?

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EXCESS OF REVENUE OVER EXPENSESEXCESS OF REVENUE OVER EXPENSES in the not-for-profit sector. There is a common misconception that not-for-profit organizations a
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Business Accounting and Bookkeeping



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Is net income a cumulative amount?

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"Net income" refers to income earned during a single accounting period (for example, a single year) only.Positive net income for a particular accounting period
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Business Accounting and Bookkeeping








What is the accounting journal entry for billed customers for services provided?

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debit accounts receivable
credit services revenue