Accounting record is defined as the all of the documentations involved in the preparation of financial statements and records which are relevant to financial review and audits which include recording of assets and liabilities, ledgers, journals, and any other supporting documents like invoices. Ledger...
There are 4 types of journal entries. 1. Basic Journal Entry - Used for most of the accounting transactions 2. Reversing JE - Created by reversing the existing journal entry 3. Recurring JE - Defined once and then generated for subsequent accounting period 4. Mass Allocation - Created to a...
Discover the chart of accounts and ledger accounting definitions. Learn about the different ledgers and account types, as well as the chart of accounts numbering system. Related to this QuestionWhy do all the credits and debits in accounting have to be equal? What is the difference between debit...
What is the role of market makers, and how do they earn profits? Describe how managers make use of management accounting information. What are the advantages of subsidiary ledgers? What are some of the basic principles of cash management that help a company improve it'...
I have anExcelsheet containing financial data including income and expense ledgers, as well as indicators of the company's growth. I need someone to transform this data into detailed management accounts. The project requires the creation of clear and insightful charts, as well as the data being...
Types of ventures:There are several types of ventures in the financial universe. Some of these ventures refer to joint ventures, mergers, acquisitions, etc. These types are divided based upon the functioning that a firm will be undertaking....