Bookkeeping

On 1 March 2024, Ashika identified an error where the sale of goods worth $200 to Kiha was not entered into the ledger accounts. As the […]

When this happens, it may be easier to calculate accounts receivables, inventory, and accounts payables by analyzing the past trend and estimating a future value. A […]

We used the unbilled accounts receivable account to prevent confusion with the bill receivable which represents the amount we already bill to customers. Each small job […]

Each journal entry will affect at least two accounts, one of which is the company’s general ledger Cash account. Since the adjustments to the balance per […]