2012年5月13日 · There isn't an overarching premises per se. Accounting is an artificial construct & some of the basic starting points are pretty much arbitrary. Nonetheless they work as long as everything that is built on top of that is consistent. Expenses being debits is one of those things built on top of the basic accounting equation.

2023年2月18日 · I learned DEALER in Principles I — Dividends, Expenses, Assets on the left with a debit, and Liabilities, Equities, and Revenues on the right with a credit. (Unfortunately it doesn’t cover gains and losses. For that, remember that losses get charged like expenses and get debited, while gains act like revenues and get credited.)

2024年6月8日 · I’m currently a B4 auditor trying to transition into a corporate accounting role. Given the job market and my experience auditing financial services, the closest opportunity I could secure is a Senior Accountant position focused on broker-dealer accounting and regulatory reporting at a bank.

I’m an accounting professor. This is overly complicated. DEAD. Debit expenses, assets, and dividends. DEAD is how most people feel when they study accounting. The rest are credits. Contra accounts are the same logic, just flipped. This is one way to do it, the other way is to just use your brain and understand the below: A=L+E

2023年5月19日 · What is Broker Dealer Accounting? I am currently in a Fund Admin Role (Going into third year, am a senior now) and I was approached with an opportunity for a broker dealer accounting role. What is it exactly, how does it fit with coming out of fund accounting and what does a career path look like from broker dealer accounting?

2022年2月4日 · This software will not just simplify the documentation process and accounting operations but will also provide real-time reports on your client’s inventory. Xero is also a good option for small dealerships that are looking for a simple and affordable accounting solution.

2022年11月29日 · There is no department that isn't sales driven. I worked for a good dealership that valued the accounting and one that did not. While the good one was good, the bad one was really bad and also probably a good reflection of dealerships in general. But the good one was only good, not great. Accounting will never be their priority beyond ...

2023年5月19日 · I am about to buy a 2016 Volt from AutoNation. Dealer/accounting department says I just need a purchase agreement to claim the 4K credit. But the irs website says I need dealer taxpayer id and I think they need to sign it with …

Properly account for the depreciation on his scales. Determine that his pistol was really more for personal use, send out the proper 1099s to his hench men, expense his past due accounts. Everything seems to be in line with what you would expect a drug dealer of his size to be earning.

2024年1月12日 · Vehicle #1 traded-in for new Vehicle #2. Dealer says Vehicle #2 valued at $75,000 and grants a trade-in value of Vehicle #1 of $30,000. So $45,000 of cash paid for Vehicle #2. What's the US GAAP Journal Entry? Particularly, what's the cost basis of Vehicle #2?