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There are two major methods to record expenses and income. The timings and type of transaction decide which method to
Accounting system plays a vital role in business start-up. If you are not an accounting professional, you are likely to
Businesses often need to deal with the need to invest significant amounts of money on assets that will be useful
The majority of business in Malaysia invested plenty of time preparing accounts and bookkeeping. Even consultants claim that they spend
Many company owners do not notice the distinction between managerial accounting and financial accounting. Managerial accounting includes all internal procedures
Cash flow statement is a useful tool to determine a company’s capability to generate money and its overall performance. We
As a business person, you always possess scads of concerns, right from the administrative matters to non-core functions in your
A trial balance is an accounting or bookkeeping report that records the balances in the general ledger of a company
People often misunderstood the accountancy profession as they do not understand much about it and make assumptions according to stereotypes.
A chart of accounts is a list that consists of account names used by a company to record different business
Accounting mistakes that take place in double-entry bookkeeping are caused by various factors. These mistakes happen accidentally compared to scams
There is a typical assumption among business owners that they can do everything themselves. Irrespective of the size of your