The Closing Procedure in Accounting
Jennifer edwards The closing procedure in accounting is carried at the end of each and every accounting period. In this procedure all the journal entries are flushed that were being used to…
Accounting Procedures: The Payroll Procedure
The payroll is associated with employ and the staff and this involve a complete flow of assigning error free payroll to the employees. The payroll procedure is a complex procedure…
Accounting Procedures: The fixed Asset recognition procedure
The fixed asset recognition procedure is used in accounting to recognize and categorize fixed assets at an early stage. It is important to recognize fixed assets in early period of…
Accounting Procedures: Credit Granting Procedure
It is a procedure of granting credit to the customers on their request. This is a complete procedure that ensures one thing that a firm’s credit is not granted to…