Bookkeeping

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This concept is particularly important in accounting because we record sales when they are made. This sale was made when GM dropped the goods off on the loading dock because the title transferred. The term “freight on board” originated from the days of sailing ships when goods were “passed over the fob shipping point rail by hand,”

The following are the reasons why disparities may exist between the two. The bank fee is an expense (cost of doing business) and an expense is shown by an entry on the left side of a ledger (because it decreases our equity), meaning the checking account was decreased as well. Depending on the service or

Overhead rates are fixed costs of running your business, such as rent and insurance. This will give you an insight into how much your business costs to run. Calculating restaurant payroll can be a hassle with irregular work hours, multi-positions, and different types of pay, calculating restaurant payroll can be a hassle. It is best