Bookkeeping

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Guidelines Of Debits And Credit Financial Accounting

On the flip aspect, liabilities lower (DEBIT) when debts are paid down or within the uncommon occasion that money owed are reduced or forgiven. They’re just like the north and south poles of a magnet – opposites that work collectively to maintain your books in stability. One common mistake is transposing numbers, which can easily […]

Can a Sole Trader Use a Personal Bank Account: What You Need to Know

This business structure provides complete control and flexibility but comes with significant personal financial risk and potential limitations as your business grows. For example, if a bank offers a free account, it may charge for some of your most popular transactions. A bank that charges a small monthly fee may offer some free transactions, which […]

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