The general ledger plays an important role in the accounting process. Most businesses use a two-entry financial accounting system where transactions are first recorded in a general journal and later ...

Discover the function and importance of sales drafts in transactions, and learn how they verify purchases and protect ...

Accountants record transactions between buying companies and selling companies differently depending on when the transfer of purchased goods actually occurs. Which company pays for shipping charges to ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.