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Tag: credits

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Goods Not Received
accounting

Accounting for an Invoice When the Goods Haven’t Been Received

However, what if on the flip side, we have an invoice come in but have not yet received the goods/services.

accounting

Debits and Credits: The Very Basics

These examples make it a bit easier to see how debits and credits affect assets and liabilities. From here it becomes a lot easier as most transactions

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