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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

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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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Trial Balance

Wall Street Mojo

Trial Balance Meaning Trial Balance is the report of accounting in which ending balances of a different general ledger of the company are and is presented into the debit/credit column as per their balances, where debit amounts are listed on the debit column, and credit amounts are listed on the credit column.

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Accrued Interest Formula

Wall Street Mojo

Accrued interest Accrued Interest Accrued Interest is the unsettled interest amount which is either earned by the company or which is payable by the company within the same accounting period. Still, the same is not received or paid in the same accounting period. The maximum amount to be invested in the scheme is Rs 1 50,000 a year.

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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

There’s also some variation in how teams account for player wages, training, and equipment, with some capitalizing and amortizing this spending over time. Many leagues restrict ownership of teams to a certain number of people, which means that going public may not be an option.

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Statement of Cash Flow

Wall Street Mojo

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period.

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Out Of Pocket Expense

Wall Street Mojo

They maybe the payment made at regular intervals to an escrow account, cost of inspection or home renovation, any appraisal fees, fees to the attorney, tax on property etc. The insurance company can save on their funds and avoid the hassle of documentation and paperwork very frequently. What Are Health Insurance Out-Of-Pocket Expenses?