The Difference Between Cash Accounting and Accrual Accounting

The two chief accounting methods the accountants follow for accounting in Hobart are the cash accounting method and the accrual accounting method. These two accounting methods display their difference when small businesses in Hobart recognize their revenues and expenses.The cash method helps to recognize both the revenues and expenses when cash changes hands. Alternatively, the…

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The Australian Financial Services Licence: What does it stand for?

Australian financial services license or AFS licenses have some general obligation for providing fair, honest, and efficient financial services and solutions. The Australian Financial Services Licence or AFS License used to conduct the financial services business in Australia. This license is generally issued by the ASIC or Australian Securities Investments Commission. If you would like…

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