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What are Trade Receivables and Non-trade Receivables?
Trade receivables are the amounts that a company will bill to its clients when it provides goods or services to
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Accounting – Preparation of Balance Sheet
The balance sheet is one of the three financial statements, other than the income statement and statement of cash flows
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Understanding Drawing Accounts
Typically, the businesses which are in the form of sole proprietorship or partnership will use the drawing account. It is
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Procedures in a Supplier Audit
For organisations which are getting more reliant on the products and services of their suppliers or outsource more and more
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What are Other Current Assets?
As a business owner, you have various types of assets in your company. One of the vital assets is current
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Financial Accounting — Basic Principles, Conventions, and Assumptions
Financial accounting depends on a few basic concepts (Also see Common Concepts in Accounting) which possess notable effects on the
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Introduction to Audit Strategy
Some people may think that conducting an audit is nothing more than checking whether the company has prepared its financial
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What Are Accounts Receivables and Bad Debts?
Imagine that you are buying something from a shop, for example, books. You can visualize that you are stopping at
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Common Concepts in Accounting
If you operate a company in Johor Bahru, despite the scale of your business, accounting services are crucial for you
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Where Should You Record the Accruals on Your Balance Sheet?
When you are running a business, there are some occasions where you may need to accrue your revenue or expense.
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How Should You Categorise the Expenses for Advertising?
Besides engaging an accounting firm in Johor Bahru to manage your accounting-related tasks, as a business owner, you should not
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A Checklist for Ways to Assess Internal Controls
Internal controls refer to the protections that secure the financial information and business operations of a company. Typically, it is
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