Posting To The General Ledger
You notice there are already figures in Accounts Payable, and the new record is placed directly underneath the January 5 record. On this transaction, Accounts Receivable has a debit of $1,200. The record is placed on the debit side of the Accounts Re...
What Are T Accounts? Definition And Example
Journalizing in accounting is the system by which all business transactions are recorded for your financial records. ... Each journal entry typically records the date, the account you're debiting or crediting and a brief description of the transactio...
Posting To The General Ledger
What is a T Chart? A T Chart (or T-Chart) is a graphic organizer that separates information into columns, traditionally for comparing. It gets its name from the basic version with two columns: it looks like the letter "T" and is both versatile and co...