Bookkeeping

Publication 334 2023, Tax Guide for Small Business Internal Revenue Service

Paying 0.5 to 1 per cent more in interest costs on the average Australian mortgage size of $611,000 means paying between $3000 and $6000 more in interest every single year. This loyalty tax comes about because the banks are often competing for new business customers, so they offer deals and better pricing to entice people […]

Publication 334 2023, Tax Guide for Small Business Internal Revenue Service Read More »

Medium Practice Test

Record journal entries for each of the following transactions. The beginning balance of cash and common stock is $50,000 each. Determine the balance in the cash account at the end of the period. Record journal entries for the following transactions. B. Accounts receivable represents what the customer owes the company and is an asset. Assets are

Medium Practice Test Read More »