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Debit and Credit are the fundamental “effect” of each financial transaction in accounting. The effect depends on types of accounts- real, personal, nominal. Accounting Notes, Accounting Classes, Accounting Basics, Accounting Principles, Accounting Student, Bookkeeping And Accounting, Accounting And Finance, Bookkeeping Course, Forensic Accounting

What is Debit and Credit – An Easy to Understand Explanation

Debit and Credit, are key parts of any accounting entry. These are the fundamental “effect” of each financial transaction. For maintaining correct accountin

accounting and finance Bad Debts are those receivables that cannot be collected anymore and hence become our expense. Lets understand them thoroughly. Accounting Notes, Accounting Education, Accounting Classes, Accounting Basics, Accounting Principles, Accounting Student, Bookkeeping And Accounting, Accounting And Finance, Business Education

Bad Debts

Bad Debts Meaning A bad debt is a receivable that is now irrecoverable from that person who was supposed to pay the same. The reason for nonpayment by the debto

Cash Flow Statement - Meaning. 3 Components, Examples - Finance tips, saving money, budgeting planner Accounting Notes, Accounting Classes, Accounting Basics, Accounting Principles, Financial Accounting, Bookkeeping And Accounting, Financial Literacy, Financial Planning, Business Management

Cash Flow Statement – Definition and Meaning

Cash Flow Statement is a report that gives the movement of cash during the period under consideration. It gives an idea about the inflow and outflow of cash fro

Goodwill is an intangible asset arising in the course of purchase of one business by another business. It symbolises non-monetary assets of an organization. Accounting Notes, Accounting Education, Accounting Classes, Accounting Basics, Accounting Student, Bookkeeping And Accounting, Accounting And Finance, Business Management, Money Management

Goodwill

What is Goodwill? Goodwill is an intangible asset arising in the course of purchase of one business by another business. It is symbolic of the non-monetary asse

Accrued Expense – Meaning, Accounting Treatment And Accounting Notes, Learn Accounting, Accounting Basics, Accounting Principles, Accounting Student, Bookkeeping And Accounting, Accounting And Finance, Wealth Management, Business Management

Accrued Expense – Meaning, Accounting Treatment And More

Accrued expense or accrued liabilities is the term describing the payments or expense that the company incurs or recognize but would be due for the payment in t

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What is Tax and Taxation? - Napkin Finance

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What is the Banking System? Napkin Finance has the answer!

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What is REIT? What is REIT Investing? Napkin Finance Has Your Answers!

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Best Mortgage Rates, Housing Loan, Interest Rates | Napkin Finance

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What is Escrow / an Escrow Account? - Napkin Finance

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Napkin Finance - Learn About All Financial Terms

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What is the Definition of Interest? Napkin Finance Has Your Answer!

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What is a Hedge Fund? Napkin Finance has the answer, and you won't die of boredom!

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These 12 sketches make complicated financial concepts simple enough to fit on a napkin

Napkin Finance introduces people to complicated financial concepts through videos, text, and of course ... napkins.

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529 College Savings Plans: What You Need to Know

College costs are rising. If you have kids and want to help them pay for college, learn about college savings accounts. Learn how to leverage a 529 plan.

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Everything you ever needed to know about investing, scribbled on cocktail napkins

Warren Buffett once said “there seems to be some perverse human characteristic that likes to make easy things difficult.” Those words, of course, can be...