Transaction definition

Content “Every Event is not a Transaction but Every Transaction is an Event” Account DEBIT SIDE Modified cash-basis transactions Accounting Transaction Analysis Recap It belongs to business not to the owner or any other person managing the business. Capital transactions are those that have long-term consequences. What is transaction and Read more…

What Is The Accounting Equation?

Content How To Use Asset = Liabilities + Equity Management Accounting Liabilities Retained Earnings Equation Resources Rearranging The Accounting Equation Accounting Equation Formula And Calculation The process to calculate the loss on land value could be very cumbersome, speculative, and unreliable; therefore, the treatment in accounting is for land tonotbe Read more…

DOR Tax Rates

Content Marginal vs. effective tax rate: What’s the difference? ALCOHOL – Tax Rates for Calendar Years 2018 to Present (view Historic Tax Rates) Taxation and Customs Union Property Tax Rates for Tax Year 2023 What Is a Tax Rate? Maryland Income Tax Rates and Brackets The Lifetime Learning Credit is Read more…