☛ Wage accrual is entered with a credit to the “wages payable account”
☛ Interest accrual is entered with a credit to the “interest payable account”
☛ Payroll tax accrual is entered with a credit to the “payroll taxes payable account”
What is the difference between accumulated depreciation and depreciation expense?
What happens to company’s “Cash Account” if it borrows money from the bank by signing a note payable?
What is liabilities and what all does include in current liabilities?
What are the three factors that can affect your cash flow and business profitability?
What is the difference between depreciation and amortization?
List out some of the examples for liability accounts?
Tell me what is dual aspect term in accounting?
What are the activities that includes in Cash Flow Statement?
Explain me the types of accounts involved in double entry book-keeping?
Why some asset accounts have a credit balance?
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