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Accounting Journal Entries Examples

Accounting Journal Entries Examples The first step in accounting is to record the entries in journal book.           Before going to explain how these Journal Entries...

Debit Credit Rules in Accounting

Debit Credit Rules in Accounting                  In Financial Accounting  Debit and Credit rules or principles of debit and credit,  are used to complete double entry...

What is General Journal

What is General Journal General journal may define as;                 An accounting record where all business transactions are originally entered.            A journal details which transactions occurred...

What is Accounting Equation with Example

What is Accounting Equation ? Accounting equation is  Assets = Liabilities+owner equity The resources controlled by a business are referred to as its assets. For a new business,...

The Nine Steps of the Accounting Cycle

Accounting Cycle          Accounting Cycle is the collective process of recording and processing the accounting events of a company. The series of steps begin when...

60+ Basic Accounting Terms Dictionary

What are the Basic Accounting Terms and its meaning: Basic Accounting Terms are very important for Accounting's beginner to understand it. before starts learning to account...

Double Entry system vs Single Entry system

Double Entry vs Single Entry Double Entry system: Double entry system can be define as the system under which the double effect of every transaction is...