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Popular Accounting Topics

Accounting for Merchandising Activities
Debits and Credits (Double Entry Accounting)
Time Value of Money & Present/Future Values
Complex Debt & Equity Instruments
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Accounting & Finance Ratios
Valuing Common Stock
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Lower of Cost or Market (LCM) & Inventory Valuation
Chart of Accounts & Bookkeeping
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Schedule of Accounts Receivable

• Schedule of AR is a listing of all accounts receivable the company has recorded in its books through sales transactions on credit as well as their aging e.g. 30 days, 31 - 60 days, 61 - 90 days or 120 days past due.
• Each A/R is classified according to its age
• The schedule is used to review that status of individual accounts and as the basis of estimates of uncollectible accounts
• The longer an account is past due, the greater the chances it won't be collected.

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