A fixed asset is a type of property belonging to a business that is used for production of goods and services. Fixed assets are classified as either intangible or tangible. Intangible fixed assets are non-physical properties such as a patent, copyright, and goodwill. Tangible assets include plant, equipment, land, and buildings. Accounting for fixed...
Budgeting is a tricky but necessary part of setting up housekeeping. If you've never budgeted before, now is the time to get started. Realistic budgeting includes a willingness to confront your spending patterns honestly, strip out those things that are eating up your income, delay gratification by putting some funds in savings, and call...
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