Through the standard accounting guidelines provided by the FASB, it makes it easier for accounting and financial reporting issues to be clarified. In recent years, the FASB has been working with the IASB on an initiative to improve financial reporting and the comparability of financial reports globally. GAAP
Read MoreThe IRS has extended the federal tax deadline for Louisiana residents to June 15 as a result of extreme winter storms. This reduction doesn’t apply to estimated tax funds which would possibly be due on April 15, 2021. Taxes have to be paid as taxpayers earn or obtain revenue during
Read MoreWhen cost is made cash decreases and so does wages payable that has been elevated all along. Decide whether or not every account affected is an asset, legal responsibility, fairness, revenue, or expense. This classification helps in understanding how the transaction impacts the accounting equation. Money Application Management
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