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Depreciation Journal Entry: Meaning, Types, Tally & Examples
In accounting, each asset begins to decline in value over time. This reduction in value is known as depreciation. When the business…
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Types of Ledger Accounts: Personal, Real & Nominal with Format
Different types of ledger accounts are used in accounting to structure financial data in an understandable manner. A ledger is a compilation…
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What is Capital Account Ledger? Examples, Format and Benefits
In accounting, the capital account ledger is a very important part. It keeps track of every dollar the business owner puts into…
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How To Calculate Interest Rate Swap Valuation?
Interest rate swaps are typical financial derivatives that enable firms, investors, and financial institutions to hedge interest rate risk. Interest…
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Journal Entry Example: Types and Steps to Write in Accounting
Each step of recording a business transaction in the books of accounts begins with making a journal entry. It is the…