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Welcome To Rayvat Accounting
Elements of Financial Statements

What are the Elements of...

The Financial Accounting Standards Board (FASB) has defined the following elements of financial statements of business enterprises: assets, liabilities, equity, revenues, expenses, gains, losses, investment by owners, distribution to owners, and comprehensive income. According to FASB, the Elements…

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Small Business Financial Statements

Tips To Write Small Business...

Research has found out that 30% of businesses fail because they run out of cash. The statistics underline the need to keep your eye on your financial flow. The best indicators of the health of your business are…

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Improve Cash Flow

How Can I Improve My...

Many businesses who seem to be doing well in terms of sales struggle to meet their financial obligations. This has to do with poor cash flow management. Indeed, the Small Business Administration (SBA) says most new businesses fail within…

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Financial Accounting Firm

When’s the Right Time to...

Every individual has a dream of starting up his own business and being their own boss. Sometime this dream remains dream due to an obstacle faced by corporate in starting a business and keep it running in a…

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Understanding Business Activity Statement

Understanding the Business Activity Statement...

A Guide to Business Activity Statements (BAS) A Business Activity Statement (BAS) is a kind of form that all the businesses or entities need to fill. This statement serves as a kind of one document that would show almost all…

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