Posts tagged Bookkeeping

Using a business owner perspective; why would you need a proper bookkeeping? You, most likely, are not a business owner. But, unless you use a …

At the end of every accounting period certain accounts are closed and others remain open. This post is softly trying to remind you with some …

The trial balance is quite simple to understand and quite simple to do. How if I find error during the construction? What should I do? …

Asset disposal accounts are like miniature profit & loss accounts: they are final accounts, and not going on any further. Once written up, with their …

Through this post, you can learn what accounting mainly responsible for and get the sense of where accounting likely involves in most of your life, …

Closing of the accounting books refers to a process that starts with posting entries to the general ledger and results in a post-closing trial balance. …

On the previous post, you have probably learnt how chart of accounts is constructed with its digitization numbering system. This post describes terms and definitions …

Accounting records are kept on the accrual basis, except in the case of very small businesses. To accrue means to collect or accumulate. This means …