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What is the Accounting Equation? Basic & Expanded Formula Explained

The rights or claims to the properties are referred to as equities. My Accounting Course  is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. Receivables arise when a company provides a service or sells a product to someone …

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How to treat your PayPal account in QuickBooks

PayPal is a popular online payment service, designed to make online purchasing in particular easier and safer. The increased security mainly concerns two special features which also affect accounting. In partnership with three expert business owners, the PayPal Bootcamp includes practical checklists and a short video loaded with tips to help take your business to …

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How to Read HOA Financial Statements

Insufficient funds is another possible consequence of poor homeowners association https://www.facebook.com/BooksTimeInc/ accounting. When you fail to budget your expenses properly, the HOA might run out of money. This will inevitably force your board to either take out a loan or charge special assessments to homeowners. Data Found in HOA Financial Statements This includes preparing detailed …

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What Is A Savings Account? Definition, How It Works

The three most common components of a financial statement are the balance sheet, the income statement, and the statement of cash flows. In some jurisdictions, summary services financial statements are available (or may be required) on a quarterly basis. These reports are usually sent to all investors and others outside the management group. What Are …

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My Biggest Takeaway From 5 Years Of Sobriety

The second definition is more commonly used when discussing sobriety as a lifestyle choice. Mark has been instrumental in building healthy communities and providing access and quality healthcare to underserved populations. His service in the community is a testament to his passion and selfless dedication to the cause of eradicating addictive disorders and stigma. Aside …

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How to convert accrual basis to cash basis accounting

Countability is on the period they occur rather than the periods in which the related expenses and revenues are spent. Firstly, you must reconcile beginning cash basis retained earnings, and secondly you need to reverse any payables and receivables that shouldn’t be shown on a cash basis tax return. Accounting help from professionals who work …

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Expanding the continuum of substance use disorder treatment: Nonabstinence approaches

There is less research examining the extent to which moderation/controlled use goals are feasible for individuals with DUDs. The most recent national survey assessing rates of illicit drug use and SUDs found that among individuals who report illicit drug use in the past year, approximately 15% meet criteria for one or more DUD (SAMHSA, 2019a). …

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