What is a special journal? What is a journal entry? What is the difference between entries in a general journal versus a general ledger? What is a general ledger account? What is a journal? What is a general ledger? Related In-Depth Explanations Accounting Basics Bookkeeping Debi...
更新1: Can you give me examples to detail the general journal entries and general ledger?Are someones current account,bank account, capital account general ledgers? Or what things can be general journal? Profit Distribution Statement (Profit appropriation account)?e..,general ledger is...
These accounts are known as general ledger accounts. The amounts and balances in the general ledger accounts are used to prepare the company’s financial statements. Example of General Journal and General Ledger Assume that a company depreciates its equipment at a rate of $10,000 per year. ...
As someone mentioned in the thread before the right question would be what is the difference between a Sub Ledger and General Ledger, earlier when manual books of accounts were maintained Sub Ledger was also called Subsidiary Ledger, now with ERP systems in vogue , almost all computerized account...
What is the difference between journal entry and general ledger? What is "Accounts Receivable Management" ? As the accountant for a business you are the historian of financial activity. Why must a balance sheet need to be in balance?
How do they relate to the difference between tax expense and taxes payable? Discuss the advantages and disadvantages of financing through issuing bonds. What is the difference between journal entry and general ledger? Describe the major differences between liabilities and owners' equity. ...
Ledger A book in which a summary of accounts is laid up or preserved; the final book of record in business transactions, in which all debits and credits from the journal, etc., are placed under appropriate heads. Account A reason, grounds, consideration, motive; a person's sake. Don't ...
At the same time, they contain and control each other. The cashier's cash and bank journal accounts relate to the General Ledger's cash and bank deposit general ledger, the general ledger and its subsidiary ledger, the securities account in the subsidiary ledger and the corresponding securities...
Adjustments are made using journal entries that are entered into the company’s general ledger. What Are Examples of Accounts Payable? Accounts payable refers to any current liabilities that are incurred by companies. Examples include purchases made from vendors on credit, subscriptions, or...
What Is the Difference Between Zero Accounting Profit and Zero Economic Profit? Zero economic profit is also known as normal profit. Like economic profit, this figure also accounts for explicit and implicit costs. When a company makes a normal profit, its costs are equal to its revenue...