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Notes Receivable Issued at Other Than Face Value dummies ~ Bringing it home with the journal entry to record payment at the end of each year journalize the first year by debiting cash for 1200 discounts on notes receivable for 272 and crediting interest revenue for 1472

Accounting For Goodwill Write Off Online Accounting College ~ How To Write Off Intangibles With Amortization – For Dummies How to Write Off Intangibles with Amortization By Maire Loughran from Intermediate Accounting For Dummies

How to Calculate Simple and Compound Interest dummies ~ What’s the difference between simple and compound interest anyway It’s important to have at least a basic understanding of how a company or bank determines the interest rate you earn on your money on deposit Basically the two major criteria to setting interest rates are the riskiness of the investment and what rate is commonly …

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Debits and credits Wikipedia ~ Debits and credits occur simultaneously in every financial transaction in doubleentry bookkeeping In the accounting equation Assets Liabilities Equity so if an asset account increases a debit left then either another asset account must decrease a credit right or a liability or equity account must increase a credit rightNote also that in the extended equation revenues

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