Daybook

Petty cash should be part of an overall business accounting system that documents how your business moves funds between one account and another and how it spends its money. The financial transactions are summarized and recorded as per the double

Accruals

What Is Accrual Accounting? Accounting method refers to the rules a company follows in reporting revenues and expenses in accrual accounting and cash accounting. The general idea is that economic events are recognized by matching revenues to expenses (the matching

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