Is Drawings An Asset Or Liability? Drawings from business accounts may involve the owner taking cash or goods out of the business – but it is not categorised as an ordinary business expense. It is also not treated as a liability, despite involving a withdrawal from the company account, because this is offset against the
What Does The Right To Financial Privacy Act Cover? Introduction. The Right to Financial Privacy Act of 1978 protects the confidentiality of personal financial records by creating a statutory Fourth Amendment protection for bank records. The Act was essentially a reaction to the U.S. Supreme Court’s 1976 ruling in United States v. … 425 U.S.
Do You Need Set Up Business Debit Cards For Travel? Debit Card Debit cards can be used across many countries, although you should notify your bank of international usage first. Better yet, they can be used to retrieve cash—if the occasion calls for it—at an ATM and are all-around less bulky than carrying cash on