Quickbook VS Xero

Cash vs Accrual Accounting: Which Is Best for Your Business? When you start or grow a business, one of the most important financial decisions you’ll have to make is choosing between cash and accrual accounting. It impacts how you report income, manage taxes, and evaluate your financial health. In this guide, we’ll discuss the differences,…

The draft financial statements of Haseen’s business for the year ended 31 July 20×0 show a profit of $54,250 prior to the correction of the following errors: What is Haseen’s amended profit for the year ended 31 july 20×2? Answer will be available soon

Question: The non-current asset register shows a carrying amount for non-current assets of $85,600; the ledger accounts include a cost balance of $185,000 and an accumulated depreciation balance of $55,000. Which of the following statements may explain the discrepancy? Answer: In the question, we will find out why there are differences between the two books. In the question,…