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The Key Differences Between UK GAAP and FRS 102

What is UK GAAP? UK GAAP is the technical term for the Generally Accepted Accounting Practice in the UK and…

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What Does It Mean To Register As A Limited Company?

What is a limited company? This is a type of business structure where a company is considered to be legally…

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Do You Have To File A Confirmation Statement For A Dormant Company?

A dormant company definition is if your business has had no significant transactions in the financial year. These transactions don’t…

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Where Is Depreciation And Amortization On a Balance Sheet?

Your balance sheet is a statement of assets, liabilities, and capital of your business at a particular time, detailing the…

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Are Utilities Expenses Assets Or Liabilities?

Utilities expenses are defined as the cost incurred by using services such as electricity, water, heating, waste disposal, and sewage…

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Do Utilities Expenses Go On The Income Statement?

What is an income statement? An income statement is a financial statement that shows your business’s income and expenditure. It…

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