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What is the Accounting Equation? Explaining Assets = Liabilities + Equity

Peak Frameworks

The accounting equation is a fundamental concept in finance that every private equity professional, investment banker, and corporate , finance expert should be familiar with. In this article, we will explore the components of the accounting equation, its importance in finance, and real-world examples that illustrate its significance.

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Sales Return Journal Entry

Wall Street Mojo

Sales Return in terms of payroll journal entry can be defined as the one which shall be used to account for the customer returns in the books of account or to account for when there is a return of goods sold by the customer due to defective goods sold, or misfit in requirement of the customer, etc. read more is tallied.

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Tax-Sheltered Annuity

Wall Street Mojo

Article Link to be Hyperlinked For eg: Source: Tax-Sheltered Annuity (wallstreetmojo.com) Such annuity income plans are available for employees of public schools and non-profit organizations. Simply put, it is the difference in taxes that arises when taxes due in one of the accounting period are either not paid or overpaid.

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How do Banks Make Money? Explanation, Examples

Peak Frameworks

The world of banking can be broadly divided into: Retail Banks: Think of your local branch where you have your checking and savings accounts. The profit-making strategies differ across these banks. You deposit $10,000 in a bank savings account earning 0.5% Subtracting the $50 paid to you, the bank makes a net profit of $350.

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Do's and Don'ts of Post-Merger Pay Environments

M&A Leadership Council

Each edition includes directly relevant content derived from Lajoux’s industry leading book series, The Art of M&A Fifth Edition : A Merger, Acquisition, and Buyout Guide (McGraw Hill, 2019). United States of America: McGraw Hill, 2019. The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide.

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Public Finance 101: How Governments Manage Money

Peak Frameworks

trillion in taxes in 2019, accounting for about 95% of the total federal revenue. Corporate Tax: This is the tax charged on company profits. Public Finance Management: Accountability and Transparency Sound public finance management is pivotal in ensuring efficient, effective, and accountable use of public resources.

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Chargeback vs Refund: Key Differences and What They Mean for You

Razorpay

The retailer issues a refund to the customer’s original payment method, and the customer receives a credit or the money back in their account. Refund processing The payment processor or bank credits the refunded amount back to the customer’s account. They contact the retailer to request a return and refund.

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