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All items on the credit side of the cash book are posted to the debit of respective accounts in the ledger. Triple column cash books have three columns on both the debit and credit side of the cash book. These cash books record cash transactions, bank transactions and discounts. Both cash and bank transactions of […]

Content Factors that can influence a company’s retained earnings Sustainable Investing Topics AccountingTools Examples of Statement of Retained Earnings Retained earnings vs. reserves What Doesn’t the Term Statement of Retained Earnings Mean? Purpose of Statement of Retained Earnings How Net Income Impacts Retained Earnings If you are your own bookkeeper or accountant, always double-check these […]

Content What Is The Difference Between A Draw vs Distribution? How To Calculate Tax Basis In An S Corp What Is an Owner’s Draw? Salary or Draw: How to Pay Yourself as a Business Owner or LLC Since C Corps are also a corporation (and therefore a separate legal entity), owner’s draws are also not […]

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Following our recent recognition as one of the top bookkeeping service providers in Singapore by MediaOne. TMF Group serves clients of all sizes and from all sectors; everyone from a small start-up to a large multinational. We work with 60% of the Forbes 100 and the FTSE 100. We are a key part of our […]