Feature Articles

Yearly Archives: 2023

Journals: Complete 7 Day Books with 4 types of transactions

Journals

Posting to Journals is step 2 of the Accounting Cycle. After sorting out your Source Documents into cash and credit transactions, it is time to record the amounts in the 7 Journals, also called Day Books and Books of Original Entry. Students of accounting and business owners who record daily …

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Ledger accounts: Simple breakdown of Types, Format, Double Entry, Balance

Ledger

Ledgers is the third step in the Accounting Cycle. After you sort out Source Documents and record the amounts into the 7 Journals, the figures then go to the ledger accounts. Each account records details of every activity that happens in a business. From the day the owner invests money …

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