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What are the 2 kinds of bookeeping?

Anonymous

∙ 15y ago

Updated: 9/18/2023

When you ask "2 kinds", I am guessing you are asking the method / basis employed in accounting.

Bookkeeping can follow either:

a) the cash basis, or

b) the accrual basis (also known as the mercantile basis)

Wiki User

∙ 15y ago

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What are the 3 kinds of business?

1 - Sole-Proprietorship 2 - Partnership 3 - Corporation

What are the three kinds of business?

Three kinds of business are:Sole properietorshipPartnershipCorporation

Does Credit mean the increase side of an account?

what do you mean by increased side? it depends on which account you are talking. in bookeeping entries of a company a credit on its bank account means money going out the business. in a reserve account it means money being added to the reserves! If on the other hand you are talking about a bank account (personal) this normally means depositing.

What are kinds of business?

there are three basic kinds of business sole proprietors,partnerships, corporation

Related Questions

How do you do bookeeping?

Bookkeeper.

Is there a bookeeping service in Portland Maine?

yes there is a bookeeping service in Portland Maine. I would investigate Maine Bookkeeping Inc. They are located at 44 Cash Street, South Portland, Maine.

What are the functions of accounding?

Bookeeping to keep track of profit expenses for an entity.

How is bookeeping done in the acconting industry?

Bokkeeping is done on Double Accounting System

What are the 2 kinds of database?

what are the 2 kinds of database

What are the 2 kinds ao a news paper?

what are the 2 kinds of a news paper

How can i start college for accunting and bookeeping?

Step one: learn to spell. Step two: Go to college and major in math.

What are the 2 kinds of roots?

what are the 2main kinds of roots

What are the 2 kinds of measurement?

the 2 kinds of mesurement are english-metric & metric-english

What are the kinds of anaconda?

there are 2 kinds of anaconda 1) green anaconda 2) yellow anaconda

What are the 2 kinds of integers?

The 2 kinds of integers are positive and negative. Example: -7,+8.

How many kinds of elephant in the world?

may be 2 kinds.

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