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The debit and credit sides of accounts can both go up or down depending on the nature of transactions recorded in such accounts. Hence, when receiving […]
Furthermore, contra expense accounts enhance the reliability of financial ratios used in analysis. Ratios such as the operating margin and return on assets become more meaningful […]
Sandra Habiger is a Chartered Professional Accountant with a Bachelor’s Degree in Business Administration from the University of Washington. Sandra’s areas of focus include advising real […]
