“Cash is King” is a common saying in business. While satisfying your passion and filling the needs of consumers are also rewarding, the handling of cash and cash equivalents is the main concern of any business owner. This is why the Cash Book is dedicated to recording all transactions that …
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Studying principles of accounts can be very easy once you learn which items are Assets, Liabilities, Capital, Income and Expenses. The accounts that fall under these 5 headings are used throughout your POA course. You can even associate the ALICE accounts with action words, you OWN assets, OWE liabilities, EARN …
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A cash discount is a reduction of the cost of an item or service that a seller offers to a buyer to encourage cash payment for an immediate or outstanding invoice. A seller offers cash discounts to obtain cash quickly to pay off debts and invest the money back into …
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