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the one who able to keep track and monitor the status of one of its substantial assets.

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Q: What is recording and accounting in credit and collection?
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Related questions

The recording of debit and credit parts of a transaction is?

double-entry accounting


How often is the recording process in accounting?

How often is the recording process in accounting?


What is the double entry for recording a credit purchase?

Here is the accounting entry for recording the credit purchase: Purchases a/c Accounts Payable Here is the entry to writte off when payment made Accounts Payable Cash/Bank a/c


What is recording phase of accounting?

Recording phase of accounting is to record the transactions into journal after transactions occured.


What is financial accounting and what are the terms used in financial accounting?

Financial accounting is a recording, summaring, classifying, communication, anlaysing of business transactions in oder to ascertain the financial position at a given time. and the trms use in financial accounting are: The dual concept in accounting, that is Debit the receiver's account and credit the Giver's account


What is the recording process in accounting?

The recording process in accounting is the process of summerizing, classifying, and recording analysed transaction data in the journal in a systematic and chronological order and posted those to the ledger.


What is the impact of ICT in accounting?

for recording trasaction


Is an investment a credit or a debit in accounting?

credit


What is accountent?

accounting is an recording classfing analayzing and summaryzing.


What is equity partner?

Bid Bonds accounting recording


What is accounting assumption?

accounting assumptions provide a foundation for recording the transactions and preparing the financial statements there from.


What is accounting?

Accounting is the present participle of account, or the development and use of a system for recording and analyzing finances.