The money spent in an organization in order to generate income either now or in the future is Posted on:
Any transaction that is recorded twice in an account through a debit and a credit entry in the same account is called Posted on:
An important functions of accounting which shows expenses, assets, financial position at a given period of time is Posted on:
A subsidiary book which can conveniently cater for recording of special transaction like revaluation of asset is Posted on:
The principles upon which preparation of accounting records are based and which are generally accepted is Posted on:
Cheques deposited into the bank but have not been credited to the customer account by the bank as at the date of preparing the bank statement are called Posted on:
Cheques which have been issued for payment by a bank account holder but have not been presented for payment at the bank as at the date the bank prepared the bank statement are called Posted on:
The differences between the balances of bank column of the cash book and bank statement could be as a result of the following except Posted on:
The process of making the balance on the bank column of a cash book to agree with the balance on the bank statement is Posted on:
Reconciling the bank column of the cash book and the bank statement balances is treated under Posted on:
