Month: August 2020

Classification of Accounts Definition, Explanation and Examples

Liabilities also include amounts received in advance for a future sale or for a future service to be performed. As a result these items are not reported among the assets appearing on the balance sheet. Long-term liabilities, which are also known as noncurrent liabilities, are obligations that are not due within one year of the …

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The Best IT Tech Conferences & Events of 2025

At the moment, theoil and fat industry of Kazakhstan is the most dynamically developing industryin the agricultural sector. We see not only steadily growing acreage under keyoilseeds, but also new records in production and export of processed products. All other weather data, including cloud cover, precipitation, wind speed and direction, and solar flux, come from …

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35 Essential Business Expense Categories

This category includes office supplies like computers, pens, and paper; cleaning services for your office space; and other miscellaneous office expenses. Website hosting and domain payments may fall into this category as well. It is important to understand the difference between “cost” and “expense” since they each have a distinct meaning in accounting. Cost is …

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