Bookkeeping

Content What is NRV? Allowance Method For Uncollectibles Conditions for Treatment as a Sale Accounts Previously Written Off Net Realizable Value of  Accounts Receivables FASB had to set a standard rule as to whether the current rate or the historical rate was appropriate for reporting foreign currency balances. By establishing two T-accounts, a company such[...]

Content Document Retention Policies for Nonprofits How to Create a Document Retention Policy Records Retention VI. Confidential Records What Are Some Data Retention Policy Examples? IIROC Document Retention Policy It’s necessary to retain documents for their legally required time periods, but it’s also important to purge documents that you are no longer required to keep[...]