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Results tagged with accounting
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user 4215
for questions that relate to the laws, practices, and products of accounting. Please note that questions about accounting that are academic or have no bearing on personal finance are off-topic here.
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votes
Double entry bookkeeping - Record incoming money which I would hold temporarily as a custodian
If these are your personal accounts, and you consider your dad a separate financial entity - such that your owings to him are a Liability - then the cashflow isn't Income for you at all. It's touchin …
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