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Summary of the accounting cycle financial accounting the process of identifying, recording, summarizing analyzing an financial transactions and reporting them

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What are Accounting Principles? Accounting Principles are the rules and benchmarks in the accounting field a company should follow while reporting the f

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📢 Attention all business owners! Are you familiar with the different types of expenses in QuickBooks? Let me break it down for you:

1️⃣ Operating Expenses: Costs incurred during the day-to-day operations of your business.

2️⃣ Non-Operating Expenses: Expenses that do not directly relate to your core business operations. They are typically one-time or irregular costs.

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