Suspense Account: The Complete Guide + Examples

Ideally, a business will have a zero balance in the suspense account—or no suspense account listed—in its financial statements. However, all transactions require complete and accurate information before they can be entered into the financial records. Global and...

Closing Entries: Step by Step Guide

The next day, January 1, 2019, you get ready for work, but before you go to the office, you decide to review your financials for 2019. What are your total expenses for rent, electricity, cable and internet, gas, and food for the current year? You have also not...

How to Cash a Torn, Ripped, or Damaged Check

It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute...
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