Bookkeeping

The Advantages and Disadvantages of Single-entry Bookkeeping

The Advantages and Disadvantages of Single-entry Bookkeeping Apart from the double-entry bookkeeping method that most business would use, there is another method that business owners can use to trace the finances of their business, that is, the single-entry bookkeeping system. For companies that choose to use this method, they will only need to record one …

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Understanding Current Liabilities

Understanding Current Liabilities The term “liabilities” probably sounds quite familiar to most business owners, and this term can sometimes be intimidating. There are two main categorisations of liabilities, which are current liabilities and non-current liabilities. Current liabilities are the financial obligation that the company should pay in a year, while non-current liabilities refer to those …

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