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Debit vs credit are terms used in double entry bookkeeping. They refer to entries made in accounts to reflect the financial transactions of a business. The terms are often abbreviated to Dr (Debit) and CR (Credit). #bookkeeping #accounting
Here is the basic accounting cycle. Follow mybooks for more accounting tips and small business tips
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3 Golden Rules of Accounting | Small Business Accouning Tips. Follow mybooks for more accounting tips
If you want a career in accounting, T Accounts may be your new best friend. The T Account is a visual representation of individual accounts
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Different branches of accounting came into existence, keeping in view various forms of accounting information needed by different classes of people. They may be
Accounting Equation cheat sheet | Check here for the business balance sheet format. Follow mybooks for more small business accounting tips
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Trial Balance: A Listing of all of the accounts from the chart of accounts along with their balances. | #accounting | #accounts | #taxes | #payroll | #bookkeeping | #accountingprinciple | #debits | #credits | #finance | #trial | #balance | #chart
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The basic rules of debit and credit in a double entry system of accounting. Definition, explanation, examples and application of the rules of debit and credit.
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