Journal is one of the most important book of account, in which business transactions are recorded systematically. In layman’s term, we can say it is a book of daily records.… [read more]
An account is a list of business transactions falling under the same description for a given period of time. A systematic and summarized record of business transactions with respect to… [read more]
In the accounting field, especially in the finance section, we are taught to create and pass the journal entries in the books of accounts. One must have knowledge of basic… [read more]