Best Teacher for Accountancy

• August 01, 2023
• 100 people
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Accounting is the practice of logging, categorizing, and summarizing financial transactions for a company. It gives management input on an organization's financial performance and status. Issuing customer invoices, paying supplier invoices, documenting client cash receipts, and paying staff are some common important events that are conducted often while recording company transactions. The billing clerk, payables clerk, cashier, and payroll clerk are in charge of these duties, respectively. There are also some company transactions that are not repeated in nature and must be recorded in the accounting records using journal entries. The people most likely to utilize journal entries are the fixed asset accountant, the general ledger clerk, and the tax accountant. The outcomes of the previous accountants' work are compiled into a collection of accounting records, the general ledger serving as their summary. Each account in the general ledger contains data about a certain sort of transaction, such as product sales, depreciation costs, accounts receivable, debt, and so on.

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