Nom de l’auteur/autrice :Damien

If the balance does not match, it is possible that a journal entry was made to the control account that was not also made in the subsidiary ledger. For example, all payables entered on one given day will be collected from the subsidiary ledger and recorded a summary on the what are billable hours time …

CONTROL ACCOUNT English meaning Lire la suite »

As shown above, if the market rate is lower than the contract rate, the bonds will sell for more than their face value. Thus, if the market rate is 10% and the contract rate is 12%, the bonds will sell at a premium as the result of investors bidding up their price. However, if the …

Accrued interest definition Lire la suite »

Instead, the seller offers a certain credit period to the buyer for making the payment. In accounting, a credit sales transaction creates a receivable in the books of accounts of the seller. It is easiest to calculate net credit sales when cash sales are recorded separately in the accounting records from sales on credit. Also, …

What is a Credit Sales Journal Entry and How to Record It? Lire la suite »

Bookkeeping software makes bookkeeping for beginners much easier. While standalone platforms exist for invoices and taxes, bookkeeping software tends to be more comprehensive. The lines between these two points include the cost of goods sold, which accounts for manufacturing costs. Income statements also include administration expenses and other general expenses, depreciation, internet costs, and taxes. …

Bookkeeping Basics Lire la suite »