Month: January 2022

Companies with massive transaction volume may still use systems that require the segregation of information into journals. Thus, the concepts are somewhat muddied in a […]

A double-entry accounting system that uses both general journals and general ledgers ensures accurate financial tracking for businesses. The general journal records raw, date-sequenced transactions, […]

In accounting, an expense is any cost your business incurs to generate revenue. You report expenses on your company’s income statement, or profit and loss […]

There are times when company owners must invest their own money into the company. Equity may be in assets such as buildings and equipment, or […]