Expanded Accounting Equation: Definition, Formula, How It Works
When a company purchases inventory for cash, one asset will increase and one asset will decrease. Because there are two or more accounts affected by every transaction, the accounting system…
Read more2 4: The Basic Accounting Equation Business LibreTexts
For all recorded transactions, if the total debits and credits for a transaction are equal, then the result is that the company’s assets are equal to the sum of its…
Read moreDefinition, Explanation and Examples
Assets typically hold positive economic value and can be liquified (turned into cash) in the future. Some assets are less liquid than others, making them harder to convert to cash….
Read more2 4: The Basic Accounting Equation Business LibreTexts
Ted decides it makes the most financial sense for Speakers, Inc. to buy a building. Since Speakers, Inc. doesn’t have $500,000 in cash to pay for a building, it must…
Read moreAccounting Equation Assets, Liabilities, Owners Equity
They were acquired by borrowing money from lenders, receiving cash from owners and shareholders or offering goods or services. The assets of the business will increase by $12,000 as a…
Read moreEnhancing Your Life: Top Benefits of Sobriety for Mind, Body, and Relationships
It’s important to find benefits that motivate you personally and match your individual goals. There are infinite reasons why pursuing long-term recovery and sobriety can be the best choice for…
Read moreSober Curious and the Benefits of Taking a Break from Alcohol
This has led to a slew of new entrants into the game and most major brewers now producing a nonalcoholic beer. The category dominates the nonalcoholic adult drinks market, taking…
Read moreFeeling Like Being Sober Sucks? 12 Tips for Feeling Better
I stopped drinking at the end of 2016 and have stayed sober ever since. I regularly blog about sobriety and normally choose to focus on the benefits I’ve experienced since…
Read moreEmbrace The Suck: Dealing With The Uncomfortable Lessons Of Sobriety by Alicia Gilbert Medium
Becoming aware of this phobia allows for targeted interventions and coping strategies that address these specific fears, helping us feel less isolated and more empowered to manage our anxieties about…
Read moreSober Curious and the Benefits of Taking a Break from Alcohol
Some 45 percent of 21+ Gen Z consumers have never consumed alcohol, Nielsen IQ found, compared with 36 percent of millennials and 32 percent of Gen X. For some people,…
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