How To Do A Bank Reconciliation: Step By Step

Typically, the difference between the cash book and passbook balance arises due to the items that appear only in the passbook. Therefore, it makes sense to first record these items in the cash book to determine the adjusted balance of the cash book... Read more

How to Calculate Sales Tax: Complete Guide

Sales taxes are closely related to use taxes, which apply to items purchased from outside their jurisdiction. An optimal sales tax is one that is applied to a broad base of goods and services with a low tax rate. Such a tax system can minimize the a... Read more