However, when considering expenses for the double-entry bookkeeping system, expenses are just one of the five-main groups where all your financial transactions are recorded. The other four categories are revenue, owner’s equity, assets, and liabilities. https://bookkeeping-reviews.com/ Expenses in the double-entry bookkeeping system are recorded as a debit to a specific expense account. Simultaneously, the same […]

When you start your first subscription to Coursera, it will start a seven-day free trial. However, on the eighth day, your free trial automatically becomes a paid subscription, unless you cancel the free trial version. Pass the certification bookkeeping and payroll services exam in QuickBooks Online to list your firm for free on the Find-a-ProAdvisor […]

For calculating depreciation for the first accounting period that ends on 31 December 2020 (Year 1), the remaining useful life of the delivery truck will be taken as 4  years. For the next accounting period that ends on 31 December 2021 (Year 2), the remaining useful life will be 3 years. For the Years 3 […]