double entry bookkeeping

Tag: double entry bookkeeping

Journal Entries (JEs)

See Also: Double Entry Bookkeeping Journal Entries For Factoring Receivables Accounting Principles Accounting Concepts Adjusting Entries Role of a Company Back Office Journal Entries Definition A journal entry is a recording of a transaction into a journal like the general journal or another subsidiary journal. Journal entries for accounting require that there be a debit and a

Read More

Debit vs Credit

See Also: Debits and Credits Double Entry Bookkeeping Debits vs Credits in Accounting When people discuss debit vs credit, they are usually referring to double entry accounting. More specifically, a debit and credit are recorded for each transaction. These two are required for each transaction in order to keep the accounting equation in balance. There

Read More

Debits and Credits

See Also: Accounting Asset Definition Accounting For Factored Receivables Financial Accounting Standards Board (FASB) Imprest Account Accounting Fraud Prevention using QuickBooks Accounting Income vs. Economic Income Debits and Credits Definition Debits and credits, defined as the double recorded method which is the centerpiece of accounting, are used by accountants across the world. The benefit to

Read More