Bookkeeping
A contra entry is an entry that is recorded when both the debit and credit affect the same account and which results in a...
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What is a Balance Sheet? A balance sheet is a statement of a company that reports assets, liabilities, and equity at a specific time....
Debtors Turnover Ratio Formula No business can afford to conduct all transactions in cash; thus, making credit available to clients is a requirement. But...
Keeping track of a company’s financial transactions, organising them for future reference, and creating financial statements is known as bookkeeping. Organisations use either a...
Financial statements are extremely important from a business point of view. Whether you’re a large scale multinational corporation or a small and medium enterprise,...
A contra entry is an entry that is recorded when both the debit and credit affect the same account and which results in a...
All businesses – big or small – need to maintain fine records of their transactions. As the number of transactions increases, it becomes critical...
Regardless of size, every business thrives on the systematic recording of its day-to-day financial transactions. Small business bookkeeping provides small enterprises with a simple...
The double-entry system of bookkeeping is a system in which each transaction is recorded in at least two accounts. This system provides a more...