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Posts Tagged ‘assets’


Assets Accounting

Are sales and inventory considered assets in accounting?

Inventory is considered a current asset… Sales is an income statement item, and not an asset.
Accounting Basics 3- Assets

The Only Guide You’ll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments (Bloomberg)

$15.25

An accessible guide that outlines the key elements of an effective [...]

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Accounting Liabilities

liabilities??? accounting?

is health insurance a liability? so when I input it should it be under liability or expense
i just took over books for ths company and they have some inputted as ins-owner under liability and then some inputted as ins. as an expense….
they have no ins for employees just the owner and family…
its [...]

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Fixed Asset Accounting

what is the smallest fixed assets figure?

What is the smallest amount for an item you can enter into a fixed assets account?

There is no “smallest” amount. Everything can be entered, from $1 and up.
Virginia Cunning, Enrolled Agent, Master Tax Advisor
H & R Block
This advice was prepared based on our understanding of the tax law [...]

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