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This change came among many controversies surrounding Florida Senate Bill 86, a piece of legislation that would have made massive structural changes to Bright Future's implementation and administration. While SB 86 did not pass, other similar legislation raised the SAT score requirements from 1290 to 1330 for FAS and 1170 to 1210 for FMS, but ...
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The sales journal is used to record all of the company sales on credit. Most often these sales are made up of inventory sales or other merchandise sales. Notice that only credit sales of inventory and merchandise items are recorded in the sales journal. Cash sales of inventory are recorded in the cash receipts journal. Both cash and credit ...
Cash and cash equivalents are listed on balance sheet as "current assets" and its value changes when different transactions are occurred. These changes are called "cash flows" and they are recorded on accounting ledger. For instance, if a company spends $300 on purchasing goods, this is recorded as $300 increase to its supplies and decrease in ...
The end of the calendar year is the time to tie loose ends, evaluate business strategy, and do housekeeping. NEXT shares a small business checklist to help navigate tax preparation, bookkeeping ...
Credit sale of inventory on credit Purchases. Cash Journals record items sold or purchased with cash and they also record income received (debtor payment, interest) and daily expenses. If the transaction is of a cash nature, you must be convinced that money/cheque/credit card was also exchanged at the time that the good or service was exchanged.
Small business owners face severe penalties if they don't report to the federal government by year's end. Thousands of businesses may not realize they are subject to a new reporting process ...
Rory McIlroy's charge at the Abu Dhabi Championship faltered when he found water off his drive and made double bogey on the last hole on Saturday, leaving him five shots off the lead held by Paul ...