Oct 31
Double-Entry Accounting: What It Is and Why It Matters
When you receive the $780 worth of inventory for your business, your inventory increase by $780, and your account payable also increases by $780. Let’s look at some examples of how double-entry bookkeeping is used for some common accounting transactions. To account for this expense claim, five individual accounts would be debited with a total
Read MoreOct 3
What Is Deferred Rent Liability on Balance Sheet?
The term deferred long-term liability charges refers to previously incurred liabilities that are not due within the current accounting period. These items are commonly shown on a company’s balance sheet as a single line item with other forms of long-term debt obligations. Deferred long-term liability charges are reported as losses or expenses on the company’s
Read MoreOct 2
DataSpace: Neurosymbolic Machine Learning for Reasoning
How neural networks simulate symbolic reasoning Notably, deep learning algorithms are opaque, and figuring out how they work perplexes even their creators. And it’s very hard to communicate and troubleshoot their inner-workings. There have been several efforts to create complicated symbolic AI systems that encompass the multitudes of rules of certain domains. This processing power
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