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Mr. Gozie Umeh

Mr. Gozie Umeh

387 Entries | 4 People | 910 Views | 75 Followers

Ent 211 Assignment

Ent 211 Assignment

In order to achieve your set goal as an entrepreneur, it is important to put self motivation, creativity, intuitiveness, authoritativeness & strong willed.

 
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Acc 101

Acc 101

Uploaded by Nwaeze Paschal

Acc101 assignment

 
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Assignment on Acc 101 (Introduction to Basic Accounting)

Assignment on Acc 101 (Introduction to Basic Accounting)

Notice that the sales journal has only one column to record the transaction amount. The reason is that the sales journal is used only for recording credit sales of inventory or services; consequently, every entry represents a debit to accounts receivable and a credit, for the same amount, to sales revenue. This also means that there is no need to write an explanation of each entry, as would be the case if credit sales were recorded in the general journal. Instead, all the information about the transaction is recorded in one line: the date, invoice number, name and account number of the customer, and the amount of the sale. When we consider the number of sales transactions likely to occur every day, the time saved by recording these transactions in a sales journal, rather than in the general journal, is considerable. The remaining column in the sales journal, titled Post Ref., indicates completion of the next step in transaction processing: posting from the journals to the appropriate ledgers.

 
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Acc 101

Acc 101

Uploaded by Igbeyol Aondona

Differences between computerized accounting system and manual accounting system.

 
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Assignment on Acc 101

Assignment on Acc 101

Uploaded by Atov Janet Dominic

Manual and computerized accounting system performs basically the same process, the accounting principles and concepts are the same with difference lying in the mechanics of the process.

 
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Acc 101

Acc 101

Uploaded by Elijah Paul

Differences between computerized accounting and manual accounting system.

 
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Assignment on Acc 101

Assignment on Acc 101

The Journal is a subsidiary day book, where monetary transactions are recorded for the first time, whenever they arise. In this, the transactions are regularly recorded in an orderly manner, so that they can be referred in future. It highlights the two accounts which are affected by the occurrence of the transaction, one of which is debited and the other is credited with an equal amount.

 
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Assignment

Assignment

Uploaded by Apine Edison

According to Sheila Shanker Manual and computerized accounting system performs basically the same process, the accounting principles and concepts are the same with difference lying in the mechanics of the process.

 
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Assignment on Acc 101 and Ent 211

Assignment on Acc 101 and Ent 211

Uploaded by Apine Edison

According to Sheila Shanker Manual and computerized accounting system performs basically the same process, the accounting principles and concepts are the same with difference lying in the mechanics of the process.

 
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Acc 101

Acc 101

Uploaded by Ahembe Emmanuel

The differences between computerized accounting system and manual accounting system.

 
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ACC101: Basic Accounting 1

Created 2 years ago by Gozie Umeh