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Accounting for Non Profits! What are the specific activities involved, which accounts will be impacted ( AP, Cash, AR, etc) which Financial statement will be
Accounting for Non Profits!
The ARC draws down $50,000 on Its revolving line of credit (borrows the funds). This will be used for current operating purposes and is expected to be repaid in 90 days. What is the impact of this activity when the amount is repald? Transaction +/- Account type and name Financlal Statements Impacted ARC draws on line of credit Repayment of funds in 90 days (original principle) Repayment of Interest for 90 days What are the specific activities involved, which accounts will be impacted ( AP, Cash, AR, etc) which Financial statement will be impacted 
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How To Avoid IRS Audits
Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.
1st Edition
1530746477, 978-1530746477
