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Incurring additional expenses

Incurring additional expenses: Accounting Foundations: Bookkeeping
Incurring additional expenses: Accounting Foundations: Bookkeeping

In addition to expenses relating to the sale of inventory, other expenses are also incurred in operating a business (wages paid to others, utilities paid, or expenses invested into the business). The following journal entries illustrate how these expenses would be accounted for.

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Skill Level Beginner
1h 39m
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Business Accounting Business Skills Marketing Finance

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