Â Header account is to define the heading of a collection of accounts. These accounts are useful in grouping detail accounts which serve similar purpose. Detail accounts will be used to denote particular header accounts.
Header accounts are bolded in the accounts list and the detail accounts are in plain context. Header accounts are used to group detail accounts and hence transaction amounts will not be assigned to them. They can only be assigned to detail accounts. Header account is usually created to combine many detail accounts under it and the total is displayed at the bottom. Every detail account is allotted to a header account that is over it in the accounts list area. Detail accounts are usually plain.
Header and detail account homework answers are another quite challenging topic to go through in accounting. Let us see the steps involved in account creation.
- First of all, go to account commands centre and click on the accounts list option.
- Click on the new option to create a new accounts list. A new list will be created for you now.
- Now, if you want a header account, click the option named header account.
- Select the type of account from the account type list. The account classification field will vary according to the selection you just did.
- Enter a number with four digits in the account number field now. This number should be unique for every account classification.
- Click on the tab key now to type an account name.
- Next click on the details option. You can include a brief description in the account field. This is just optional and it is not mandatory.
- For instance, while creating an equity account, select the option accordingly from the cash flow list. If you are creating a credit card account, click on banking tab and enter all the account details there.
- Click okay and you are done with the creation of the account.
This is the basic account creation technique and this might be useful for you in preparing the header and detail account homework answers. If you think that you will still need to know more in detail about the topic ad if you need help in homework, you can always approach the online web tutors. They function for twenty four hours a day, and seven days a week. You can render their services whenever you are in need and they will always provide you with the best possible solution for your problem.
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