December 17, 2019Charles Lutwidge
What is the meaning of accounting? The fundamental concept of accountancy is the gathering of the financial data of records, analyzing, and classifying the firm’s operations. A comparison of the current data with the previous year’s activity to find the weak..
December 02, 2019Charles Lutwidge
Definition of General Ledger Account The general ledger (GL) is the main consolidated accounting register, which reflects data on the company’s entire financial transaction history for all bookkeeping accounts used by the company. Businesses can maintain the general ledger on paper..
September 30, 2019Charles Lutwidge
The accounting equation is a fiscal formula used to calculate the relationship between various economic indicators within a business. This equation is usually presented in the form of a simple breakdown of values on a balance sheet. The accountancy formula highlights..
September 09, 2019Charles Lutwidge
Introduction The business world keeps evolving every working day. Market trends and income-generating opportunities keep coming, which allows brave entrepreneurs to start-up businesses. As a ripple effect, the demand for the taxation workforce arises as well. So during these business-minded days,..
July 10, 2019Charles Lutwidge
Reporting is engaged in the system of registration and streamlining of all financial data of the enterprise. The organization of the accounting department and the high standards of professional bookkeeping practice is of paramount importance for any enterprise. Besides, an organization’s..
August 09, 2015Charles Lutwidge