Accounting and Bookkeeping Topics and Articles Author:Ckrishwa
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What is a payment voucher? Importance of payment voucher in a business organization or company
Payment voucher is an important accounting document in any business organization. Hence any payment in an organization should be made only on a proper document which should contain all relevant details of payment. Such document as per accounting term is called as payment voucher.
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What is the cash book format? How to maintain a cashbook?- Methods for maintaining cashbook
Every company or business organization has to make some or more payments for various types of company or business expenditures. Normally in a business concern or company there may be routine payments like salary to staff, payments for the purchase of stocks, payments for office building
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What is a Receipt Register? Importance of receipt register? Receipt Register Procedure and Method- How to Maintain Receipt Register?
Receipt register is meant for recording the transactions relating to receipts in the organization. It means all the monetary receipts like cash, check, draft to the business or company should be entered in the receipt register. While
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What is bank reconciliation or bank account reconciliation? How to do bank reconciliation?
Bank reconciliation means reconciling all the amounts paid and also all the amounts remitted from the organization or business into the bank have been properly debited or credited in the bank accounts. In other words
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How to maintain depreciation accounting and how to calculate depreciation for fixed assets?
The term depreciation in accounting is connected with the fixed assets of a company or a business organization. It is common that the fixed assets like land, buildings, warehouses, machineries, furniture
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What is fixed assets accounting? How to maintain fixed asset register?
Normally a company or a business organization will have permanent assets like land, buildings, warehouses, machineries, furniture and fixtures, vehicles like cars, lorries, trucks, office equipments like computers, etc.,. All permanent movable and immovable assets
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General ledger accounting methods: How to maintain general ledger accounts?
General ledger is a ledger in accounting and bookkeeping procedures which will contain brief details of all transactions both debit and credit in an organization.
All payment details and receipt details are posted in the general ledger
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What is accounts receivable and how to maintain accounts receivable ledger?
In every business organization or company credit sales is an unavoidable transaction. Credit sale cannot be avoided in any business organization but proper accounting of credit sales is required in any business or company. This type of accounts is called as Accounts receivable. It may
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What is inventory accounting and how to maintain inventory accounts?
Inventory account is the part and parcel of the accounting and bookkeeping system. While the financial accounts like trial balance is concerned with the financial activity of the business or company, inventory accounts
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What is a Journal Voucher? Importance of journal voucher in accounting and bookkeeping
Journal voucher is an important accounting form in accounting, bookkeeping for any business or company. Mostly the necessity for preparing journal voucher arises More
How to prepare and maintain payroll accounting? Payroll accounting and pay slip preparation methods
Payroll accounting is an important aspect in any business or company. Number of employees is not the matter whether big or small every company or business has to maintain pay roll accounting.Payroll accounting is an essential More
What is trial balance in accounting? How to prepare a trial balance?
A trial balance is an abstract of debit and credit balances of every head of account. These abstract of debit and credit are drawn from the general ledger.
After posting all the debit balances and credit balances from the General Ledger, in the trial balance, debit column and credit column of the trial balance has More
