The best Side of 357 cash
The best Side of 357 cash
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If The solution is not to report a attain, then we you go ahead and take cash and N/P off the books, what's the other facet from the entry - I believe retained earnings.
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In idea, I might just determine all liabilities in excessive of all belongings and There may be the obtain. Having said that, are accounts receivable and accounts payable taken care of in different ways?
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This is for each asset/for every Observe payable to help you't just lump all the things with each other. Most likely you may want to go over this with The existing CPA so you happen to be on the identical website page? The quantities do really have to coordinate and I might talk to with him or her.
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