What is the maximum Social Security benefit for 2022? AS USAMarch 29, 2023by 9e6a921fBookkeepingThe average Social Security retirement benefit is significantly lower than the maximum. It was $1,628.17 per month in September 2022, according to the most recent data available from the SSA.…
Types of Liability Accounts List of Examples Explanations DefinitionMarch 14, 2023by 9e6a921fBookkeepingCurrent liabilities are usually considered short-term (expected to be concluded in 12 months or less) and non-current liabilities are long-term (12 months or greater). Some common examples of liability bookkeeping synonyms, bookkeeping…
What Is Mortgage Amortization?December 14, 2022by 9e6a921fBookkeepingIn this instance, the difference between the face value and the amount paid is placed in a contra liability account, and the amount of the reduced payment is amortized over…
Temporary vs Permanent Accounts Differences + ExamplesNovember 21, 2022by 9e6a921fBookkeepingTypes of temporary accounts may include revenue accounts, expenses accounts, and income summaries. To avoid mixing up this data and for an accurate picture of transactions taking place during a…