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Simple interest calculation - PowerPoint PPT Presentation

lesson ten

lesson ten. saving and investing presentation slides. 04/09. simple interest calculation. Deposit x Interest Rate x Number of Years = Interest Earned example You have $100 in a savings account that pays 6% simple interest. During the first year, you would earn $6 in interest.

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PRINCIPLES OF FINANCIAL ACCOUNTING

PRINCIPLES OF FINANCIAL ACCOUNTING. Chapter 8. Accounts Receivable. Issues with bad debts Two methods Direct write-off Allowance method Advantage of allowance method Matches revenue with expense (adjusting entry is required)

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Simple interest calculation - PowerPoint PPT Presentation

lesson ten

PRINCIPLES OF FINANCIAL ACCOUNTING