Also called a simple cash book, the single cash column records cash payments on the debit side (left side) and cash receipts on the credit side (right side). The entries about bank transactions and ledgers are on separate ledgers. Next, the two-col... Read more
Zapier moves info between your web apps automatically, so you can focus on your most important work. Google Groups is a service from Google that provides discussion groups for people sharing common interests. Google Groups makes it easy for groups o... Read more
To differentiate contra entries from other entries, letter "C" is printed in the posting reference column (on both the debit and credit sides of the cash book). Bank charges are recorded on the credit side of the cash book in the bank column. This i... Read more
The Goal focuses on constraints as bottleneck processes in a job-shop manufacturing organization. However, many non-manufacturing constraints exist, such as market demand, or a sales department’s ability to translate market demand into orders.... Read more
In other words, they must represent truly different equations. Once the value of the x-term is found, that value is substituted into one of the equations to find the y-value. In the elimination method, you need one of the variables (let's say x, for... Read more
The realization principle of accounting revolves around determining the point in time when revenues are earned. A seller ships goods to a customer on credit, and bills the customer $2,000 for the goods. The seller has realized the entire $2,000 as s... Read more
The monetary unit assumption argues that a currency is stable in the long run and does not undergo a loss in its purchasing power. The assumption asserts that the only transactions that should be recorded in books of accounts of a business entity or... Read more
The good news is that there are several accounting processes you can do yourself. Through illustrative examples and clear modeling, this book makes abstract concepts come to life to help students learn to deliver strong and accurate valuations. CPEx... Read more
The percentage is then applied to the cost less salvage value, or depreciable base, to calculate depreciation expense for the period. Accountants use the straight line depreciation method because it is the easiest to compute and can be applied to al... Read more
You also need to understand what debits and credits are before you can start to enter any transactions. Any transaction posted in your ledger or your accounting software will be a debit or a credit. This guide is designed to simplify the bookkeeping... Read more
