The usual sequence of steps in the transaction recording process is to an .
The general ledger may be in the form of a binder, index cards or a software application. An entry consists of the transaction date, the debit and credit amounts for the appropriate accounts and a brief memo explaining the transaction. For example, the journal entries for a cash sales transaction are to credit (increase) sales […]
The usual sequence of steps in the transaction recording process is to an . Read More »
