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depletion

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The systematic allocation of the cost of a natural resource from the balance sheet to the income statement.

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  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Accounts Receivable and Bad Debts Expense
  • Accounts Payable
  • Inventory and Cost of Goods Sold
  • Depreciation
  • Payroll Accounting
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Certificate - Adjusting Entries
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Certificate - Income Statement
Certificate - Cash Flow Statement
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Certificate - Financial Ratios
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Certificate - Accounts Receivable and Bad Debts Expense
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Certificate - Inventory and Cost of Goods Sold
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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