Posted inStudy Material
Ledger Account Format: Types, Examples, and Preparation Steps
Ledger account format in a way is to show debit and credit entries in parallel. It is used to keep detailed record…
Posted inStudy Material
Accounts Payable Journal Entry: Types, its Process and Examples
The accounts payable journal entry is a simple yet very important concept in accounting. It is the initial step that entails…
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…