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Summary The text's principal concern is why economic imbalances have historically caused civil collapse, and asks whether The United States could experience a similar decline. [2] The book summarizes the fall of a range of civilizations, including the Ming Dynasty, Ottoman Turkey and Imperial Spain, and reflects on the resulting patterns within ...
Accounts are used in the generation of a trial balance, a list of the active general ledger accounts with their respective debit and credit balances used to test the completeness of a set of accounts: if the debit and credit totals match, the indication is that the accounts are being correctly maintained. However, a balanced trial balance does ...
Normal Balances refer to whether the balance for an account in a properly-formed trial balance is usually a debt or a credit. A normal balance also reflects the accounting equation. If a trial balance for an account is reversed, such an account is called a "contra-account" (e.g. accumulated depreciation as an asset or owners drawings as equity ...
An expense account is the right to reimbursement of money spent by employees for work-related purposes. [1] Some common expense accounts are Cost of sales, utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense, income tax expense, insurance expense, interest expense, advertising expense, promotion expense, repairs expense, maintenance expense, rent ...
Before you toss your year-end credit card summary, take a closer look for valuable insights into your finances. ... consider checking out balance transfer credit cards and coming up with a payment ...
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