Bookkeeping

Additionally, it may result in overstating profits by not recognizing any purchase discounts at the time of payment. In contrast, there is no journal entry is required under the gross method as the transaction was recorded at the gross amount at the date of purchase and the company would make the full payment without the …

What is the Net Method? Definition Meaning Example Leer más »

Just a few years ago creating a deepfake would have required advanced technical skills, but generative AI has made it stupidly easy and accessible, and the outputs are looking increasingly realistic. Even reputable sources might be fooled by AI-generated content. For example, users-submitted AI-generated images purporting to depict the Israel-Gaza crisis have flooded stock image …

Accept payments online Payments by Wave Leer más »