Posted inStudy Material
Bad Debts Journal Entry: Examples, Recording Methods and Types
Businesses sell goods or services on credit. But not every customer pays that back. When a customer is unable to pay the…
Posted inStudy Material
General Ledger Accounting: Meaning, Classification and Benefits
General ledger accounting plays a very important role in keeping track of all business transactions. Every business uses this method…
Posted inStudy Material
Mercantile System of Accounting: Meaning, Examples and More
Mercantile system of accounting that allows a business to record income and expenses when they are made or accepted and…
Posted inStudy Material
Double Entry Accounting System: Meaning, Rules, and Benefits
Double entry accounting system is a bookkeeping method in which every financial transaction affects at least two accounts. It always consists…
Posted inStudy Material
Double Entry Bookkeeping Examples: Meaning, Rules and Benefits
Accounting integrates and interprets the information gathered through bookkeeping. Regardless of the tracking you do, all businesses need to follow the money.…