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Petty Cash: Concept, Format, Examples, Petty Cash Books & Voucher
The businesses and offices makes minimal payments every day. Such costs can be tea, courier charges, minor repair work or travel fare.…
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Meaning of Cash Memo: Importance, Format, Users and Benefits
When you buy something from a shop and pay the full amount, the seller gives you a small slip. This…
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What is a Cash Flow? Purpose, Format, Differences and Importance
Cash flow refers to how money moves in and out of the world of business. It details how much money comes in…
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Key Differences Between Transaction and Event in Accounting
In accounting, understanding the difference between transaction and event is very important. Both help maintain business records, but they are…
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Meaning of Paid Insurance Premium Journal Entry: Format & Examples
Every business pays money to insurance companies to protect against risks like fire, theft, or accidents. This payment is called…