Around the world, many organizations see to it that their well-earned money is also given to the less fortunate. Indicate which NGO you are helping, along with the people your company is helping, for an inspiring message. Ticket vouchers allow…
A voucher typically includes all of the supporting documents showing the money owed and any payments made for an outstanding payable. A voucher is an accounting document representing an internal intent to make a payment to an external entity, such…
Accountants can look at the expenses or outlays of cash and figure out where it was spent and why. A cost object accounting is the cost allocation related to the product, services, department and to decide and justify the selling…
Operational cost related to the cost of a particular department, function, event or customer. For example, if the organization is in the event management business, the total cost allocated to the organization of the whole event is the operational cost…
For asset accounts, such as Cash and Equipment, debits increase the account and credits decrease the account. This general ledger example shows a journal entry being made for the collection of an account receivable. When we sum the account balances…
The net balance is related to the following accounts in bookkeeping. After these transactions, your Cash account has a balance of $8,000 ($10,000 – $2,000), and your Equipment account has a balance of $2,000. An allowance granted to a customer…