Alliance for Action AID

May 06 2024

How do drawings affect the financial statements?

When a drawing is made, in the double-entry bookkeeping system, a credit should offset the debit in the drawing account. This credit typically goes in another account – in most […]

Sep 18 2023

What is Reddit gold?

The ad-free browsing promises a less cluttered and more focused reading experience. Access to the exclusive r/lounge subreddit provides them with a kind of VIP status, amplifying the sense of […]

Nov 09 2022

Audit: Meaning in Finance and Accounting and 3 Main Types

If it is revealed that the process was flawed, the company will acknowledge its mistake and put a plan into action to fix issues that have been found. This and […]

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