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  2. Cash account - Wikipedia

    en.wikipedia.org/wiki/Cash_account

    Cash account acts as a main entry book as well as a ledger in accounting. The dual impact of cash book occurs due to the presence of two sides (entities): Debit and credit. Cash account is the combination of cash receipts journal and cash payment journal and hence called as "cash receipts and payment journal".

  3. Bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Bookkeeping

    It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While ...

  4. Current account (balance of payments) - Wikipedia

    en.wikipedia.org/wiki/Current_account_(balance...

    The current account balance is one of two major measures of a country's foreign trade (the other being the net capital outflow). A current account surplus indicates that the value of a country's net foreign assets (i.e. assets less liabilities) grew over the period in question, and a current account deficit indicates that it shrank. Both ...

  5. How Accounts Payable Are Recorded on a Balance Sheet - AOL

    www.aol.com/accounts-payable-recorded-balance...

    The supplier allows the purchase to be made on credit or on account, meaning no cash is exchanged at the time of the transaction. In this case, $1,000 is recorded in accounts payable as a ...

  6. Balance of payments - Wikipedia

    en.wikipedia.org/wiki/Balance_of_payments

    Country foreign exchange reserves minus external debt. In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world.

  7. Cash method of accounting - Wikipedia

    en.wikipedia.org/wiki/Cash_method_of_accounting

    There are certain advantages in tax planning when the cash method of accounting is used: for instance, payment of business expenses may be accelerated before year end, in order to maximize tax deductions, whereas billings for services may be postponed to after year end, so that payments won't be received until the new year, thus postponing tax ...

  8. The IRS wants to know how much money you’re making ... - AOL

    www.aol.com/finance/irs-wants-know-much-money...

    This form is to report payments received on money transfer apps, online marketplaces, or stored value cards. ... that occur like in your PayPal account are reportable. ... receipts. Individuals ...

  9. View your AOL billing statement online

    help.aol.com/articles/how-do-I-view-my-billing...

    You can view your AOL billing statement on a computer by following the steps below. 1. Go to MyAccount and sign in. 2. In the left navigation menu, click My Wallet | select View My Bill.

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