Bookkeeping

Petty Cash Accounting: Journal Entries & Reconciling Accounts

For example, say your small business provides specific services for local business owners. Another business owner walks into your office at 10 a.m., and you decide you need some refreshments for the meeting. So you ask an employee who doesn’t normally make business purchases to pick up the refreshments. That employee could be reimbursed later […]

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Retained Earnings Formula: Definition, Formula, and Example

If your business currently pays shareholder dividends, you’ll need to subtract the total paid from your previous retained earnings balance. If you don’t pay dividends, you can ignore this part and substitute $0 for this portion of the retained earnings formula. https://mirtortov.ru/instrukciya-po-ekspluatacii-samsung-j5-instrukciya-obsluzhivaniya.html Retained earnings offer valuable insights into a company’s financial health and future prospects.

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