You first go to setup & click on entry types tab then record your journals under description.
morning. please help me how do i record petty cash amounts on Pastel
The journal is most commonly used to record corrections to errors that have been made in writing up the general ledger accounts.
accountants
Individual accounting is related to record of any sole trader .
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
morning. please help me how do i record petty cash amounts on Pastel
The journal is most commonly used to record corrections to errors that have been made in writing up the general ledger accounts.
The "journal" is the first transaction found on the accounting record.
In merchandising business, sales and purchases are the most common transactions. Special journals are used to record the transactions as they are very frequent and to make the accounting process simpler. The types of special journals used are Revenue Journals: sales journal and cash receipt journal. Expense Journal: purchase journal and cash payment journal. Earlier the accounts were hand written in the relevant books of accounts and tallied every month or half yearly or annually. However the same accounts are computerized for easier reference in the modern age.
Transaction
accountants
Individual accounting is related to record of any sole trader .
Debit is seen as Dr in accounting. Credit is Cr. They stand for Debit Record and Credit Record.
A written record of Accounting information.
A narrative or record of events.
Recording phase of accounting is to record the transactions into journal after transactions occured.
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?