Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and always has total debits and total credits that are equal. The purpose of double-entry bookkeeping is to allow the detection of financial errors and fraud.
For example, if a business takes out a bank loan for $10,000, recording the transaction would require a debit of $10,000 to an asset account called "Cash", as well as a credit of $10,000 to a liability account called "Loan Payable".
The basic entry to record this transaction in a general ledger will look like this:
Double-entry bookkeeping is based on balancing the accounting equation. The accounting equation serves as an error detection tool; if at any point the sum of debits for all accounts does not equal the corresponding sum of credits for all accounts, an error has occurred. However, satisfying the equation does not guarantee a lack of errors; the ledger may still "balance" even if the wrong ledger accounts have been debited or credited.
Hi, good day!
I am looking for a side hustle, preferably night duty. :) VA or Data Entry will do po. I am willing to be trained, currently an HR Operations Manager, but I really wanted to expose myself to provide another source of income.
Urgent needed po!!! Budget friendy offer!!! I can send po my portfolio from my previous work in graphic design and video editing through DM. Can do full time, part time, or project based.
Mga lods paexplain naman kung paano mag entry at take profit..
Dami kse nakalagay na entry at take profit jan sa baba . Ano ba ang susundan sa mga yan? Mag eentry ba ako sa lahat ng yan o mamimili lang ako??
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Position: Data Entry Clerk
We are looking for a reliable and efficient data entry clerk to join our team. As a data entry clerk, you will be responsible for entering, updating, and verifying data in various systems. You will also perform quality checks, generate reports, and assist with other...
Hi po sa mga expert na VA sa data entry po jan paki check naman po nang gawa ko kung tama ba or mali I'm newbie sa data entry po sana may maka silip kung tama ba nagawa ko
Ito po yung instructions ng nagpapagawa
1 - Job Application Instructions
Data Entry Master Course - Goals and Career 2023
Size: 2.59GB
Learn data entry with Microsoft Excel and find your goals and career in 2023.
What you'll learn
Introduction to Microsoft Excel
Data Entry Features in Excel
Data Entry and Worksheet in Excel
Data Management and documentation
Data...
Looking for an entry-level applicant to work remotely for a moving company, handling appointments, reschedules, and some sales looking for a self-motivated and fast learner individual. Preferably from the Philippines.
Hi! Need ko lang ng tulong sa isang task that involves data entry and research.
background ng work:
My client is starting a cannabis business (he's a Dutch national by the way and sobrang legal ng MJ dun sa kanila) and we need to come up with a list of cannabis seeds na ibebenta nya sa site...
We are seeking individuals who are either IT graduates, entry-level candidates, or career shifters to IT and are interested in joining our multinational company. We will provide training and retooling for successful candidates. We require individuals who possess a technical inclination, are fast...
LOOKING FOR DATA ENTRY SPECIALIST- work from home
REQS:
Must have vpn can access most USA websites ( No excuses)
Must be honest reliable and dependable
Knows how to copy paste and read a field hockey website
Short project Lang to pero more to come if maayos trabaho
Must know how to follow...