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What is Cash flow statement? Cash flow statement also referred to as Statement of Cash Flows is one of three main financial reports that...

1. Review the Requirements of PPP Congratulation! You got PPP loan for your business. Before using, let’s review all the requirements to...

This is the world in which you hurt yourself if you could not manage accounts payable effectively. Why? Well, firstly, invoicing is the...

Although the concept of having negative inventory appears to be ridiculous, it can exist and happen to any business. Yes, you are true...

Essential Components on Cash Flow Statement The cash flow statement is one out of three main financial reports that are paid intentions...

Cash flow statement also referred to as Statement of Cash Flows is one of three main financial reports that are generated regularly.

We often find that Business owners are particularly found their value from the firm of accountants. It is true that preparing statutory...

Small business owners said that bookkeeping was their least favorite task. However, most small business owners understand how important...

In finance, the key difference between a debtor  and a creditor  lies in who owes and who is owed. A debtor  is a person or business that...

What is negative inventory? Negative inventory is a condition that inventory count shows that there are less than zero item in stock....

Because inventory is closely tracked using computer systems, different accounting methods, etc., mistakes in the process can actually...

It goes without saying that accurate and timely physical inventories are one of the most important responsibilities in assuring making business more profitable. An inaccurate inventory can make the difference between the profit and loss. For example, if a corporation overstates its inventory, it will exaggerate gross profits and net income as well as current assets, total assets, retained earnings, stockholders' equity, and all of the related financial ratios for the current