Transactions are recorded or posted to the ledger in line...
Transactions are recorded or posted to the ledger in line with
Accounting Concept
Source document
Double Entry Principle
Data collection
Correct answer is C
The main principle of double-entry system is that for every debit there is a corresponding credit for an equal amount of money and for every credit there is a corresponding debit for an equal amount of money; i.e. for every transaction one account is debited for, the amount of transaction and the other account is also credited.
Investment at cost of a company is to be disclosed under ...
The value of the sales ledger control account is derived from the summation of the ...
A disadvantage of single entry system of book-keeping is that ...
An advantage of the use of the voucher system is that it? ...
Goodwill is recognized in partnership when ...
Shares are sold at less than nominal value. They are issued at a ...