Lodgements is a deposit made into a bank account, typically in the form of cash, checks, or electronic transfers. In bookkeeping, lodgements are recorded as increases in bank or cash account balances. They’re important for reconciling bank statements and maintaining accurate cash flow records.
A single payment made to buy multiple assets in one transaction, such as buying land and a building together. The…
Financial obligations due more than one year from the reporting date. It includes bonds, bank loans, or lease obligations. Long-term…
The process of closing a business and distributing its assets to creditors and owners. Assets are sold to pay off…
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