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How do you Journalize a loan with interest?
To record a periodic loan payment, a business first applies the payment toward interest expense and then debits the remaining amount to the loan account t...
Dec 31, 2025 0 views
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What is the purpose of financial management what is the difference in perspective between finance and accounting?
Accounting involves reporting past financial transactions in the meaningful form of financial statements whereas financial management involves planning ab...
Dec 31, 2025 0 views
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How do you record accrued tax expense?
Recording an Accrued Expense Benefit liability incurred and there is no supplier invoice as of month-end: Debit to employee benefits expense, credit to ac...
Dec 31, 2025 1 views
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What is the difference between final accounts and financial statements?
The primary financial statements are the income statement, balance sheet, and statement of cash flows. A final account, or final accounting, can also be t...
Dec 30, 2025 1 views
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Is sales allowance a debit or credit?
There is normally a debit balance in the sales allowance account. Management usually wants to record sales allowances in a separate account, so that the a...
Dec 30, 2025 0 views
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What are the advantages and disadvantages of expansionary fiscal policy?
It expands the expenditure of the government, so it leads to reduced taxation. A reduction in taxes would lead to an increment in the deficit of the gover...
Dec 30, 2025 0 views
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Was Fred Meyer a real person?
Portland, Oregon, U.S. Fred G. Meyer (February 21, 1886 – September 2, 1978) was an American businessman who founded the Oregon-based Fred Meyer store cha...
Dec 30, 2025 0 views
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What is included in total liabilities?
Total liabilities are the combined debts and obligations that an individual or company owes to outside parties. Everything the company owns is classified ...
Dec 30, 2025 0 views
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What is CPM explain?
Cost per thousand (CPM) is a marketing term that refers to the cost an advertiser pays per one thousand advertisement impressions on a web page. An impres...
Dec 29, 2025 0 views
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Are unearned fees debit or credit?
Unearned revenue is a liability for the recipient of the payment, so the initial entry is a debit to the cash account and a credit to the unearned revenue...
Dec 29, 2025 0 views
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Why is return inward debit?
Returns inwards are goods returned to the selling entity by the customer, such as for warranty claims or outright returns of goods for a credit. For the c...
Dec 29, 2025 0 views
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Why do knowledge management projects fail?
In examining why KM Programs/Projects fail, besides the lack of a KM strategy other key indicators include: Lack of Executive Leadership/Sponsorship. Inad...
Dec 29, 2025 1 views
