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An accounting service gets brownie points if they have experience in your specific industry. Forecasting can help you anticipate future cash needs based on historical patterns and projected growth……
Each year, they may amortize $5,000, moving it to the Car Dealership Accounting Accumulated Depreciation account and reducing the book value of the machinery. Financial statements rely heavily on ……
We cannot debit bad debt because we have already recorded bad debt to cover the percentage of sales that would go bad, including this sale. Remember that allowance for doubtful accounts is the hol……