journal and ledger, Accounting Basics

Assignment Help:
ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account. Elaborate and explain why journal is necessary?

Related Discussions:- journal and ledger

Meaning of social accounting, Question Social accounting is a way of ca...

Question Social accounting is a way of calculating and reporting on an organisation's ethical and social performance. It is principally concerned with offering a complementary

Explain about manufacturing companies, Q. Explain about Manufacturing compa...

Q. Explain about Manufacturing companies? Manufacturing companies purchase materials convert them into products and then sell the products to other companies or else to the fin

Recording transactions in a 2 columns journal, began his business with equi...

began his business with equipment valued at $40,000 and place $400,000 in the business checking account. what are the accounts affected?

Advantages and disadvantages of weighted-average, Q. Show Advantages and di...

Q. Show Advantages and disadvantages of weighted-average? Advantages and disadvantages of weighted-average when a company utilizes the weighted average method and prices are ri

State the classified balance sheet, State the classified balance sheet ...

State the classified balance sheet ASSETS Current Assets are cash and any other assets which are expected to be realized in cash, sold, used up or expire within one year.

Measurement in financial statements, Q. Measurement in financial statements...

Q. Measurement in financial statements? In December 1984 the FASB issued Statement of Financial Accounting Concepts No. 5 The Recognition and Measurement in Financial Statement

What were the equivalent units for conversion costs, Cargin Company uses th...

Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 15,000 units in its beginning work in process inventory that were

What do you mean by stock, Q. What do you mean by Stock? Stock -- a cer...

Q. What do you mean by Stock? Stock -- a certificate (or electronic or other record) which indicates ownership of a portion of acorporation; a share of stock. Preferred stock p

Finance officer, Finance Officer: the life blood of business is Finance. P...

Finance Officer: the life blood of business is Finance. Procuring financial resources and their judicious utilization are the two significant activities of financial management. F

Accounts, what is the accounting concepts and conventions? and what is the ...

what is the accounting concepts and conventions? and what is the procedure to follow the accounting formats

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd