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Category: Bookkeeping
Normal Balance of Accounts
When an account has a balance that is opposite the expected normal balance of that account, the account is said to have an abnormal balance. For example, if an asset account which is expected to have a debit balance, shows a credit balance, then this is considered to be an abnormal balance. From the table… Continue reading Normal Balance of Accounts
TOP 10 BEST Bookkeeping Services in Portland, OR March 2024
The National Directory of Registered Tax Return Preparers and Professionals awarded The Bookkeeping Company the Five Star Review Award. Instead of tackling your budget, expenses, and other accounting procedures on your own, let Sommer & Sommer LLC offer you their professional assistance. We work with businesses of all sizes and can organize current books, establish… Continue reading TOP 10 BEST Bookkeeping Services in Portland, OR March 2024