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The accounting method that records transactions as they occur is called?
accrual
Is entering transactions in a journal called posting?
Posting
The process of recording transactions in the journal is called posting?
No, it's journalizing.
Notes or accounts receivables that result from sales transactions are often called?
Trade receivables
An information system that enables a business to record business transactions and report financial information called?
It is called an accounting system.
The accounting method that records transactions as they occur is called?
accrual
Is entering transactions in a journal called posting?
Posting
The process of recording transactions in the journal is called posting?
No, it's journalizing.
What are the occasional irregular painless contractions pregnant women have called?
Braxton Hicks
What is meant by journal vouchers and brief discussion?
A journal is a book in which transactions are recorded in the order in which they occur i.e chronological order journal is called a book of prime entry or original entry because all the book transactions are recrded in this book the proceess recording transactions in joural is called journalizing.
What are the Disadvantages of using EFT?
Some disadvantages of using EFT (Electronic Funds Transfer) include potential security risks such as fraud or hacking, occasional technical issues that may disrupt transactions, and the possibility of unauthorized deductions from your account if you are not vigilant. Additionally, EFT transactions may not be immediately reversible, which could be problematic if an error occurs.
The difference between event and transaction and why?
transactions is exchange of an asset with consideration of money value while events is any thing in general purpose which occur at specific time and particular place. all transactions are events but not events are transactions. this is due that in order events to be called transactions must involve exchange of values
Decrease in net assets arising from peripheral or incidental transactions is called a?
A gain or loss
Notes or accounts receivables that result from sales transactions are often called?
Trade receivables
What script was used in Egyptian history for business transactions and record keeping?
It was called 'hieratic '.
An information system that enables a business to record business transactions and report financial information called?
It is called an accounting system.
What is book balancing called?
The process of recording transactions , revenues and expenses on a company's books, and the reconciling thereof is called balancing.
