Money laundering is a very recent change in statutory law around the world (although it has been going on since time immemorial) brought on by terrorist events over the last decade or so. Money Laundering in the UK and elsewhere In many countries including the UK you are required to record and keep proof...
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Bookkeeping is the art of tracking money; where it came from and where it went to. That is all there is to it. A simple transaction involves 2 accounts. The ‘from’ account and the ‘to’ account. This is what the concept of double-entry is all about. Trained bookkeepers and accountants use the term ‘credit’...
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There are many ways of keeping your accounts (including a shoe-box!), but the preferred method, used by every trained book-keeper and accountant throughout the world, is double-entry. Many books and courses are already available. However, most are taught from an academic view point. They tend to throw you in at the deep end and assume...
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