Daily Archives: May 11, 2021

Accounting

Business Transaction

A business transaction is any event or happening measured in terms of money that has an effect on the condition or results of operations of a business entity. Each business transaction leads to a balanced effect to a minimum of ...
Accounting

Chart of Accounts

The chart of accounts is a systematically organized list classifying all of a company’s usual sources of revenue and expenses, arranged and numbered in a logical order to make it easier to find a particular account in the ledger. By ...