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    Re: Managment and Financial Accounting

    Management Accounting is more like cost accounting

    Financial Accounting is more related to income/profit & Loss statement
  2. Re: Fixed Asset Journal Entries - (Accounting Question)

    Your asset is Land debit 1000
    Liability Credit Loan 900
    Credit Miscellancous Revenue 100 (Previous owner paid)
    Credit If you company paid then 100 to equity
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