I see a bookkeeper’s responsibilities as getting the business transactions into the company’s general ledger. This involves a tremendous amount of accuracy and persistence in first getting the information and then getting it entered. In larger companies, the bookkeeper’s responsibilities are likely to be assigned to an accounts payable clerk, an accounts receivable clerk, and […]
Kategori Arşivleri: Bookkeeping
Finally, the entry increases the Gain on Sale account to reflect the gain on sale. After ensuring that the carrying amount of an asset is current, the second step is the business must determine if the asset has sold at a gain, at a loss, or at book value. This is determined by comparing the […]
The same as other liabilities accounts, salary payables increase is recorded on the credit side, and when it is decreasing is recorded on the debit side. The recording is different from the recording of assets or expenses, which is the same as revenues and equity. The logic behind a journal entry is to record every […]