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writing down the sale
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What is recording phase of accounting?
Recording phase of accounting is to record the transactions into journal after transactions occured.
Where did the recording of real estate transactions begin?
The common practice of recording real estate transactions with an official recorder or registrar began in colonial Massachusetts
Form for recording transactions in chronological order?
Journal
What does journalizing transactions mean?
It is recording the transaction, including a brief explanation.
The process of recording transactions in the journal is called posting?
No, it's journalizing.
What is the definition of manual accounting?
manual accounting means making records of transactions in record books rather than computers.
What is recording phase of accounting?
Recording phase of accounting is to record the transactions into journal after transactions occured.
Where did the recording of real estate transactions begin?
The common practice of recording real estate transactions with an official recorder or registrar began in colonial Massachusetts
Form for recording transactions in chronological order?
Journal
Electronic ways of recording financial transactions?
Calculator...
What does journalizing transactions mean?
It is recording the transaction, including a brief explanation.
The process of recording transactions in the journal is called posting?
No, it's journalizing.
What features are common on high definition camcorders?
Most high definition camcorders have a LCD screen where you can see what you are recording. They also feature automatic or manual zoom. Other features can be found in specific models.
What is the accounting practicing of recording every transactions in two places?
Double entry
What is the primary source document for recording investing transactions?
Broker's advice. This document is issued by a broker and gives the exchange price of investing transactions.
What are the benefits of an accounting policy manual?
Accounting policy manual makes sure that all business transactions are recorded in same way and all related transactions are provided in same code of account and accuracy of transactions is also assured.
Why is the journal sub-divided?
When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
