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Following tutorial on cash Disbursements journal will help you to learn: What is Cash Disbursements Journal What is Cash Payment Journal Why cash disbursements or cash payment journal is used Sample of Cash Disbursements Journal Format or Template of’ Cash Disbursements Journal The payments of any business which are made in cash are generally recorded…

In this free online accounting training lecture on purchase journal, you will learn: What is Purchase Journal Definition of Purchase Journal Sample or Example of Purchase Journal Entries of Purchase Journal Recording Procedure of Purchase Journal If you are wondering what is purchase journal then here is the definition. Purchase journal can be defined as…

Following Free Online Accounting Training Lecture on Income Statement will help you to understand: Meaning & Definition of Income Statement What is Profit & Loss Statement (P & L) Sample Format of Income Statement Elements of Income Statement Parts of Income Statement The Income Statement which is also known as Profit and Loss Statement (P&L)…

Break even analysis is a management imperative analysis. The analysis focuses in interplay of pricing, variable costs, volume and product mix. Hence sales and units helps in making decision on which products to offer, how much products will be priced and how organizations cost will be managed. It™s effective and efficient financial reporting system. As…

This free online accounting training tutorial will help you to learn: Receivable Concept in Accounting Types of Receivable What is Accounts Receivable What is Notes Receivable Receivable is a most common word in the accounting world. The word receivable means the amount of money which is payable from any individual or organization. Receivable are monetary…

Like Cash Disbursement Journal, another important special journal is the cash receipts journal. Cash receipts journal can be defined as a special journal which deals with the all cash received that are generated from sales, interest, rent, or many other sources. The cash receipts journal has a column entitled by Cash Dr. The cash receipts…

This following discussion on Debit & Credit will help you to learn: What is Debit & Credit Definition of Debit & Credit Concept in Accounting What is Debiting & Crediting What is Debit balance & Credit Balance Why debit and credit in accounting is necessary Every transaction is needed to be recorded. T account consisting…

Internal Control System in Accounting means involvement of the methods and a procedure which is work for an entity to safeguard its assets, develop the consistency of the record of transactions in accounting system, guide and the operational activities ,ensure that the business activities are regulated with the business laws and regulations, and prevent abuses…

This Free Online Accounting Training Lecture on Accounting Ledger will help you to understand: Definition & Meaning of Accounting Ledger What is Accounting Ledger Format of Accounting Ledger Procedure of Posting Entries in Accounting Ledger A company usually maintains a book where they enlist the entire group of account that is known as Ledger. or…

Following Online Accounting Training Class on Accounting Liability will help you to understand: What is Accounting Liability Definition & Meaning of Liability Types of Accounting Liability Characteristics of Accounting Liability Why the concept of Accounting Liability is Important Concept of Current Liabilities with Example Concept of Long Term Liabilities with Example Liabilities are existing debts…