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Accounting is classified by underlying business processes, called “accounting cycles”. These processes include revenue and receipts, purchases and payments, payroll, fixed assets, financing, and general ledger....
Bank reconciliations are prepared by bank depositors when they receive their monthly bank statements. The reconciliation is made to determine any required adjustments to the cash...
This post contains a list of the journal entries that most used by accountant and is likely to deal with. There are a plethora of possible transactions...
Every cashier tries to keep the cash book as accurate and up-to-date as possible. Many receipts and many payments may have to be entered up each...
This “Bank Reconciliation Procedure” may help those who is an accounts payable clerk to compare his or her internal cash records to those of the bank...