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Content Which accounts are maintained in ledger? General ledgers and subledgers have different numbers of accounts Make sure the balances match Format of sales journal The balance in each customer account is periodically reconciled with the accounts receivable balance in the general ledger to ensure accuracy. The subsidiary ledger is also commonly referred to as… Continue reading What is the purpose of subsidiary ledgers?
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Content Components of Owner’s / Shareholder’s Equity Owner’s equity on the balance sheet Business Accounting For Dummies®, 4th Edition by John A. Tracy CPA Related Terms What is the Role of Owners equity in Liquidation? Equity, Owners’ Equity, Stockholders’ Equity Capital or Equity Businesspeople seeking funding for projects, acquisitions, or investments start with the hurdles… Continue reading What is owner’s equity?
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Content Are SG&A expenses tax deductible? What Is SG&A in Accounting? Where do I find selling, general & administrative expenses? Selling Expenses SG&A Expenses and Why They’re Important The reason, the controller learned, was that OEMs typically order in bulk. Packing and freight costs for the replacement market were much higher because orders placed by… Continue reading SG&A Expense Selling, General & Administrative Guide, Examples
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