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The same is true about just about any asset you can name, except, perhaps, cash itself. Journal entries are recorded when an activity or event occurs that triggers the entry. Recall that an original source can be a formal document substantiating a transaction, such as an invoice, purchase order, cancelled check, or employee time sheet.…
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As I say, it’s one of the safest professions you can ever choose to enter, and more so now than at any other time – hence the need for this depth guide. It’s not just politicians who want to change things, it’s the public as well. So it won’t be long before the crackdown comes…
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