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US Generally Accepted Accounting Principles (US GAAP)
The generally accepted accounting principles used to prepare the financial statements of companies in the United States.
Accrual Basis Accounting
Any transaction where the amount involved becomes due for payment or yet to be received in the future is known as an accrued amount. In accrual basis accounting, revenues are reported on the profit and loss statement when they are earned and not when ...
Xero
Xero is a New Zealand–domiciled public technology company, listed on the Australian Securities Exchange. Xero is a cloud-based accounting software platform for small- and medium-sized businesses.
Cash Basis Accounting
In cash basis accounting, revenues are reported on the profit and loss statement when cash is received by a business. Similarly, expenses are reported when cash is paid and not when they are incurred. For example, a business provides plumbing ...
Recurring Journal
Recurring Journal is an accounting entry which is repeated periodically in some cases. Recurring journals is required for recording transactions like salary, amortization, recurring purchases, recurring sales etc., The same entries with the same ...