The Accounting Session

The Accounting Session

N the basis of accounting is the presence of financial operations of the facility, listing fees are burdensome not only established the goods or sold and the payment of salaries and other all called financial operations carried out by the treaty upon the exercise of the activity.The types of financial operationsdivided into financial operations of...

The accounting documents

The accounting documents

The document is a paper proving financial operation, prior to the registration of the financial process in the accounting books and records, and you must be sure of the existence of documents proving the financial process.The importance of the documentusing the document as a means of evidence to verify the financial process.The document is used as...

Types of Accounts

Types of Accounts

After the access of financial operation which documents evidencing indirect and direct as already explained is then analyzed for accounts that have been affected by the financial process that took place.The analysis of the financial process steps:Select accounts that have been affected by the process.Identify the type of account, whether it is from...

Registration in the Daily Journal

Registration in the Daily Journal

After the analysis of the financial process and identification of debtor and creditor accounts, comes the stage of registering journal entries.The Daily Journalis the Address Book check daily financial operations in the form of accounting restrictions according to the chronology of its occurrence, which comes in the following format:debtor and cred...

Deportation to the LEDGER

Deportation to the LEDGER

After that the registration of the financial process in the daily journal in the form of accounting restrictions, after the removal of those restrictions to existing accounts in the ledger.The General Ledgeris the registry inside all the accounts for the property, so that each account has its own page called Professor Page register in which financi...

Inventory settlement revenue and expenditure

Inventory settlement revenue and expenditure

After the preparation of the trial balance and audit may be modified assets of some accounts, when it is preparing restrictions revisionism called inventory settlement restrictions.The settlementis a restrictions inventory accounting is in the preparation of the restrictions to settle some accounts and adjust their assets commensurate with the chan...

Questions on the Accounting Session

Questions on the Accounting Session

1 What is the Generally Accepted Accounting Principles (GAAP or generally accepted)?Are the rules and laws that have been agreed upon registration catalog and the preparation of financial reports, issued by the Financial Accounting Standards Board (FASB), one of the most generally accepted accounting principles: theprinciple of an interview income...


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