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Prime Cost = Direct materials Direct labor It shows the core cost of making a product before overheads are added. #accounting #finance #businessmajor #college
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Bad debt expense is the estimated amount of customer accounts that a company does not expect to collect. #accounting #finance #businessmajor #college
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Journal entries #accounting #finance
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Journal entries help classify transactions accurately #accounting #finance #businessmajor #college
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Wages payable are employee wages that have been earned but not yet paid, so they are recorded as a liability. #accounting #finance #businessmajor #college
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