Accounting and Inventory
Know the Benefits of Cash Receipts With Examples
A cash receipt is a document that certifies the receipt of money from an external source, such as a debtor, a bank, or a...
Accounting and Inventory
What are Sundry Creditors: Meaning & Examples
Money is the bloodline of all commercial activities. Enterprises run because they have both the outflow and inflow of cash. However, competitive markets mean...
Accounting and Inventory
What is Receivables Management?
Why is receivables management important to enterprises? You need cash to flow at all times to keep a company running efficiently and smoothly. By ensuring the...
Accounting and Inventory
Learn About Accounting Principles and Concepts
Regardless of business size, accounting and basic accounting principles are a crucial part of the business and have remained so from time immemorial. Modern times...
Accounting and Inventory
Learn About Bookkeeping: Definition, Types & Importance
When data is collected, it is put in a report. Similarly, bookkeeping is the source of all financial statements where business transactions are recorded for...
Accounting and Inventory
Learn About Contra Entry: Definition, Examples and Format
On a daily basis, one carries out many transactions termed contra entry in the books of accounts. For example, let’s say you transferred money from one...
Accounting and Inventory
Trial Balance Definition, How It Works, Purpose, and Requirements
In the words of J.R Batliboi, "A trial balance is a statement, prepared with the debit and credit balances of the ledger accounts to test...
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