December 02, 2019
Charles Lutwidge
What is a general ledger account?
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...
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September 30, 2019
Charles Lutwidge
Accounting Equation Definition
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...
September 09, 2019
Charles Lutwidge
The Agent Background
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...
September 09, 2019
Charles Lutwidge
Getting a top-notch job position with accounting and finance
It is a field that is directly related to the very concept of money, the management and control of the business with a direct focus on professional employment in this area. The terms accounting and finance are not always complete...
September 09, 2019
Charles Lutwidge
What Is Management Accounting
Management accounting is an essential process that creates accountability for managers. The information that is contained in the executive audit is re-packaged into the form of reports. These reports include a wealth of financial information and statistical data that is...
July 10, 2019
Charles Lutwidge
What is bookkeeping, and how does it operate today?
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...
August 09, 2015
Charles Lutwidge
Why is accounting important?
We do business because we want to earn. And accounting is the way to learn how much we earn through our business as it is all about keeping financial accounts. So accounting is always, and will always be part of...
