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- nominal ledger
- general ledger
- purchases ledger
- sales ledger
Brycen Goodwin
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What is examples for Real Personal accounts?
Some examples for Real Accounts are cars and houses, while examples for Personal Accounts are credit cards.
How long does a bank keep checking savings records?
A bank is required to keep checking and savings records at least 5 years. This applies to personal and business accounts.
How are business bank accounts different from personal bank accounts?
Business bank accounts tend to allow more withdrawals and have different rates of interest from personal banking accounts.
What is the journal entry when post dated cheque issued to supplier?
debit accounts payablecredit bank
Journal entry for payment to suppliers?
debit accounts payablecredit cash / bank
What document will supplier sent out at the end of each month?
Accounts statement
Why is personal account for a supplier kept?
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What are personal finance web apps used for?
Personal Finance web applications can help you do things like keep track of your bank accounts and budget your spending. They are also good if you want to keep track of your total net worth through assets suck as stocks, CD's, savings accounts, etc.
Are bank accounts or CD accounts of a deceased person considered personal property?
Yes, bank accounts are personal property.
How do you order food wholesale?
To order wholesale food, you have to go to a wholesale supplier or store, or contact a retail supplier that also offers wholesale accounts. If you do the former, there usually involves a membership fee. If you do the ladder, if involves filling out forms with personal financial information, which some people don't feel encouraged to do.
What is examples for Real Personal accounts?
Some examples for Real Accounts are cars and houses, while examples for Personal Accounts are credit cards.
How are business bank accounts different from personal bank accounts?
Business bank accounts tend to allow more withdrawals and have different rates of interest from personal banking accounts.
What are some bank accounts that may appeal to small businesses?
There are many types of bank accounts for both personal and business interests. Whether one is looking for checking or savings, the fact remains that it is best to keep personal accounts separate from business accounts to avoid fraud issues. Two types of business bank accounts are business economy checking and full analysis business checking.
How long does a bank keep checking savings records?
A bank is required to keep checking and savings records at least 5 years. This applies to personal and business accounts.
Does an accounts payable ledger contain all of the balance sheet and income statements accounts?
No, the accounts payable ledger only contains information related to supplier accounts. The balance sheet and income statement accounts are contained in the general ledger.
What is the journal entry when post dated cheque issued to supplier?
debit accounts payablecredit bank
What does a password organizer do?
A password organizer helps one keep track of all of their passwords to personal accounts. One might use a password organizer if they have more than one password for all of their accounts.
