by Michelle Johnson | Jan 23, 2018 | Homework Answers
Ledger Is Posting from Journal Entries Homework Answers You must record every transaction in business as each of them holds great significance. Follow a systematic process while you record the transaction. Accounting is a process of steps taken carefully to record...
by Michelle Johnson | Jan 23, 2018 | Homework Answers
Advantages of Ledger Accounts Homework Answers If you have just stepped into entrepreneurship or engaged in a start-up, you are well aware of the relevance of ledger posting. Ledger posting is the first step to record business accounting. Our blog aims to find out the...
by Michelle Johnson | Jan 23, 2018 | Homework Answers
Meaning of Trial Balance Homework Answers The trial balance is an integral part of ledger accounting because it represents a list of statements related to all debits & credits and described as first step towards preparation of financial statements. In order to...
by Michelle Johnson | Jan 23, 2018 | Homework Answers
Theoretical Questions Ledger Accounts Homework Answers General ledger account is used by an organization to record and state its balance sheet and income statement. The ledger provides a complete listing of daily transactions of a business organization. Ledger can...
by Michelle Johnson | Jan 23, 2018 | Homework Answers
Classification of Non-Cash Transactions Homework Answers  A financial venture that has no affect on cash flow instead is related to the owner’s liabilities, and assets are called a non-cash transaction. When a non-cash transaction is recorded in a statement of cash...
by Michelle Johnson | Jan 23, 2018 | Homework Answers
Advantages Need of Journal Homework Answers A journal is basically a book of records. Any kind of activity, news, events or transnational data can be noted in a journal. In accounting, journal is the record of all business transactions. There can be different types of...
