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Finally, we’ll look at some comprehensive examples of how companies have used accounting analytics to show how investments in non-financial dimensions pay off in the future, and finish with some important organizational issues that commonly arise using these models. By the end of this module, yo...
In financial accounting, expense is:The consumption of the business' own resources (assets). Examples: consumption of supplies, cash, materials inventory and deterioration of equipment etc.ORThe creation of a liability against the business when it consumes resources from outside. Examples: use of ...
Coke Expenses Manager’s Commission UPTT Fuel Expenses A/c Liabilty of Expenses Preliminary Expenses A/c Professional Fees Indirect Income OR Income(Indirect) All Indirect Income like Discount Received Interest on Investment A...
I can walk you through how to view the account "type" and "detail type" in the Chart of Accounts in QuickBooks Online. Here's how: Click the Accounting, then select Chart of Accounts. Tap the New. From the Account Type, drop down arrow and ...
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Prepaid expensesare costs paid in advance of when they are due. These expenses are recorded as an asset because their value has not yet been recognized; should the benefit not be recognized, the company would theoretically be due a refund. ...