What is a Journal Entry?

A journal entry is a fundamental accounting record used to track and document financial transactions within a business. It's the first step in the dou...
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How to record loan payments

Recording loan payments accurately is essential for maintaining your financial records and ensuring that you meet your financial obligations. To recor...
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What is GAAP?

GAAP stands for Generally Accepted Accounting Principles. It is a set of standardized accounting principles, procedures, and guidelines used in the Un...
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