Bookkeeping

Accounting Equation Assets = Liabilities + Equity

After enrolling in a program, you may request a withdrawal with refund (minus a $100 nonrefundable enrollment fee) up until 24 hours after the start of your program. Please review the Program Policies page for more details on refunds and deferrals. Our easy online application is free, and no special documentation is required. All participants must be at least 18 years of age, proficient in English, and committed to learning and engaging with fellow participants throughout the program. Assets in Accounting: A Beginners’ Guide Different accounting systems and ways of…

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Bookkeeping

Balance Sheet Definition & Examples Assets = Liabilities + Equity

This account may or may not be lumped together with the above account, Current Debt. While they may seem similar, the current portion of long-term debt is specifically the portion due within this year of a piece of debt that has a maturity of more than one year. For example, if a company takes on a bank loan to be paid off in 5-years, this account will include the portion of that loan due in the next year. The most liquid of all assets, cash, appears on the first line…

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