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Negative Float: Overview and Examples in Banking

da | Ago 22, 2023 | Bookkeeping

Today, it usually takes around 1-2 days to clear, so it is much harder to take advantage of the float. Subsequently, driven by the competitive market environment as well as various technological and customer pressures, other types of virtual banking services have...

Accrued Salaries Definition

da | Giu 29, 2023 | Bookkeeping

Unlike conventional expenses, the business will receive something of value from the prepaid expense over the course of several accounting periods. Where the cash basis accounting is what is in place in a business, accrued expenses are not recognized. Rather, expenses...

Method to Get Straight Line Depreciation Formula

da | Apr 10, 2023 | Bookkeeping

On the debit side, you enter the amount in a depreciation expense account. This is a contra-asset account (an asset account with a credit balance rather than a debit balance as would normally occur). To calculate the straight line basis, take the purchase price of an...