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How to Make Closing Entry for Accounting Cycle

Phnom Penh HR May 12, 2017 Basic Accounting

How to Make Closing Entry for Accounting Cycle: There are temporary accounts such as income statement accounts, income summary accounts,

Inventory Management and Economic Ordering Quantity (EOQ)

Phnom Penh HR May 10, 2017 Working Capital Management

Inventory Management and Economic Ordering Quantity (EOQ): Inventory is current asset; inventories are purchased for sale or production for sale.

Optimum Level of Cash Management

Phnom Penh HR May 10, 2017 Working Capital Management

Optimum Level of Cash Management: Cash management is the business process of collecting and managing cash and using it for

Short-Term and Long-Term Financing, Financing Method

Phnom Penh HR May 10, 2017 Sources of Finance and Cost of Capital ( = Business Finance), Working Capital Management

Short-Term and Long-Term Financing, Financing Method: Sources of finance are important for business operation. Two main types of financing business

General Journal Entry for Accounting

Phnom Penh HR May 9, 2017 Basic Accounting

General Journal Entry for Accounting: All accounting transactions are recorded through journal entries that show account names, amounts, whether those

Adjusting Entries for Liability Account Types

Phnom Penh HR May 9, 2017 Basic Accounting

Adjusting Entries for Liability Account Types: Adjusting entries for liability accounts include account payable, unearned revenue, note payable and payroll