What is Company Accounting

What is Company Accounting?

February 21, 2023Posted inBasics of AccountingNo Comments
Company accounting refers to the process of recording, classifying, and summarizing financial transactions to provide financial statements and other financial information about a company. This information is used by management, shareholders, investors, and other stakeholders to make informed decisions about the company's financial performance and future prospects.
What is Sales Journal

What is Sales Journal?

February 17, 2023Posted inBasics of AccountingNo Comments
A sales journal is a financial record used to record all sales made by a business. It is used to track the revenue generated by the sale of products or services to customers. Each entry in the sales journal includes the date, customer, amount, and description of the sale.
What is Purchase Journal

What is Purchase Journal?

February 16, 2023Posted inBasics of AccountingNo Comments
A purchase journal is a financial record used to record all purchases made by a business. It is used to track the cost of goods or services that are purchased from vendors and suppliers. Each entry in the purchase journal includes the date, vendor, amount, and description of the purchase.