Effect of 50 Transactions on Accounting Equation
Here’s a breakdown of 50 sample transactions along with their balance sheet equation effects (Assets = Liabilities + Equity):
Recording of Transactions
Recording of Transactions
Recording of Transactions category gives the knowledge of the rules of Double Entry Book-Keeping and the method of preparing journals.
Recording of Transactions
Double Entry System of Book-Keeping
Double Entry system of Book-keeping requires record of both the aspects of a transaction into accounting books, one Dr. and the other Cr.
Recording of Transactions
Balance Sheet Equation
Balance Sheet Equation also known as Accounting Equation is the basis of Double Entry System of…
Recording of Transactions
Application of Rules of Debit and Credit – 35 Cases
A student can use any method for rules of Double entry, Basic Book Keeping method or Balance Sheet Equation method.
Recording of Transactions
Vouchers in Accounting
When there is no documentary for any items, voucher may be prepared showing the necessary details and got approved by appropriate authority within the firm.
Recording of Transactions
Journal | 40 Journal Entries You Must Know
Journal is the book of original entry in which the transactions are entered for the first time from the source documents,
Recording of Transactions
Subsidiary Journals
The journal is subdivided into a number of books of original entry, on the basis of similarity of transactions…
Recording of Transactions
Types of Cash Book
Cash book is a book generally made on monthly basis, in which all cash transactions i.e. cash receipts…
Recording of Transactions
Cash Book Entries | 36 Cash Book Transactions
Here is the summary of basic cash transactions, to be entered in Cash book, for a ready reference…
Recording of Transactions
Petty Cash Book
Petty cash book is used to record small receipts and payments, separately from regular cash book…