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A journal entry recording an increase in assets. With cash basis accounting, credits are recorded when income is received. With accrual basis accounting, credits are recorded and r ... Read more

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Investing Tip

The Price to Book Ratio for Value Investors

The price to book ratio is calculated by dividing share price by book value, which equals a company's assets less its liabilities, per share. This ratio is typically relevant when ...

Home Equity Loans and HELOCs – Getting a Good Deal

If you're looking for a way to unlock some of the cash built up in your home's value and equity, then a home equity lending product will be the right choice. Ma...

Getting a Good Deal on Your Credit Card

There is no single answer to which credit card will always be the best deal at any given point in time. For every individual, the best' card can vary from perso...

The 8 Types of Businesses

The business world can be a complicated place, full of jargon and professional terms that people don't understand. That even extends to businesses themselves, w...

Guide to Principle Accounting Concepts

Accounting can seem overwhelming at times with all the terminology, concepts, and rules that make it a full time job to understand. This quick guide will highli...

The Balance Sheet

There are two kinds of financial statements and both follow a long-standing format of reporting. So if you understand how one set of financial statements is org...

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