Category: Bookkeeping

Account Balance Defined and Compared to Available Credit

Content Services Account Balance Different Types of Receivables Allowance for Doubtful Accounts and Bad Debt Expenses Customer Service Account balance refers to the balance in a person’s financial repository, such as a savings or checking account, at a specific period. Below is a basic example of a debit and credit journal entry within …

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How to Report Foreign Self-Employment Income

Content What Is Self-Employment Tax? What Are Self-Employment Taxes? My spouse and I both have transit district self-employment earnings. Can we file a joint transit self-employment return? Of medical insurance costs you pay for yourself, your spouse, and your dependents may be deductible as an adjustment to income on Form 1040, US Individual …

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Asset Turnover Ratio A Quick Glance of Asset Turnover Ratio

Content Example of Asset Turnover Ratio What is Non-current Asset Turnover Ratio? Asset Turnover Ratio Formula What Financial Management Problem Could a Quick Ratio Identify? High vs. Low Asset Turnover Ratio How to Calculate the Total Asset Turnover Ratio A higher fixed asset turnover ratio indicates that a company has more effectively utilized its …

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