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  2. Cash and cash equivalents - Wikipedia

    en.wikipedia.org/wiki/Cash_and_cash_equivalents

    Cash and cash equivalents ( CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". [ 1] An investment normally counts as a cash equivalent when it has a short maturity period of 90 days or less, and can ...

  3. Balance sheet - Wikipedia

    en.wikipedia.org/wiki/Balance_sheet

    A balance sheet summarizes an organization's or individual's assets, equity and liabilities at a specific point in time. Two forms of balance sheet exist. They are the report form and account form. Individuals and small businesses tend to have simple balance sheets. [ 5] Larger businesses tend to have more complex balance sheets, and these are ...

  4. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    v. t. e. A chart of accounts ( COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are ...

  5. How much should you keep in a checking account? Finding the ...

    www.aol.com/finance/how-much-in-checking-account...

    Instead, it’s best to keep your emergency fund in a high-yield savings account (HYSA), where you can earn yields of 4.00% to 5.00% APY or higher on your deposit — more than 10 times the ...

  6. Bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Bookkeeping

    Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. [ 1] It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or ...

  7. How Much Money Should I Keep In My Checking Account? - AOL

    www.aol.com/much-money-keep-checking-account...

    According to SmartAsset, the average American's checking account has a balance of about $9,000. However, that is pulled high by households with higher incomes, so the median amount of $2,900 might ...

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