The learning journal entry must be a reflective statement that considers the following questions: 1) Describe what you did. This does not mean that you copy and paste from what you have posted or the assignments you have prepared. You need to describe what you did and how you did it. This week we were exposed to really interesting parts or data structures; Lists‚ Stacks‚ Queues‚ dictionaries. There was a lot of material that I had to read and some videos I had to watch to get a good understanding
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financial transactions are accurate‚ up-to-date and comprehensive. Accuracy is therefore vital to the process. Each transaction‚ whether it is a question of purchase or sale‚ or change of loans‚ has to be recorded in the books. Double-entry bookkeeping-The double entry system of bookkeeping is based upon the fact that every transaction has two parts and that this will therefore affect two ledger accounts. Bookkeeping in e-economic-In the e-economic Online Accounting system you can book your sales
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t-account: debits and credits are entries made in account ledgers to record changes in value which is caused by business transactions‚ all of this is done in double entry bookkeeping. http://en.wikipedia.org/wiki/T_accounts 4. General Ledger: This is the main ledger that will have all of the financial accounts of a business; contains the offsetting debits and credit accounts. http://wordnetweb.princeton.edu/perl/webwn?s=general ledger 5. Debit: An entry that is recorded of an amount that
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22/4/17 Journal Entry #8 London Christopher embarks on a challenging journey to London which acts as a symbolic rite of passage‚ as he successfully transitions from a boy needs help completing everyday task for the normal person to someone who can independently complete a task beyond his limitations. Christopher had to endure thirst and hunger while he was in a state of confusion while waiting for a train. I felt sympathetic towards him‚ feeling both worried but at the same time a sense of reverence
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Journal Entry #3 Personality After taking the personality test I discovered several things. Based on the test I have high levels of openness‚ extraversion‚ agreeableness‚ and neuroticism. I also have a moderate level of conscientiousness. I like the fact that I have high levels when it comes to openness‚ extraversion‚ and agreeableness. When people interact with me their perception of me is positive. However‚ I also don’t like that I am very agreeable. Others see me as very trusting‚ friendly
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journalizes the accountant applies the rules of double-entry accounting. Remember that double-entry accounting means that each transaction must be recorded in at least two accounts or that the debits must equal the credits. After applying the rules of debits and credits‚ the accountant should then record the transactions in a journal‚ or journalize. A journal is a complete record of each transaction. It’s easy to remember‚ because journal entry has the word journal in it! The third step in the accounting
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steel money as well. Single entry bookkeeping is a more simple version of double entry. A single entry system is similar to a checkbook register. It is characterized by the fact that there is only a single line entered in the journal for every transaction. Each transaction is recorded in of column and account as either positive or negative. A double entry system is a little more detailed. With double entry two entries are made for each transaction. The first entry is a debit in on account and the
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Student Number : 31829139 Name : Soomaya Gaffoor Module code : SDACTOM Assignment 02 Unique Assignment Number : 306231 Table of Contents Question 1 Question 2 Question 3 Bibliography Page 1 2 3 3 Student Number: 31829139‚ Course: SDACTOM‚ Assignment 02 Question 1 Explain the criteria and elements for formulating criterion-directed behavioural outcomes (Mager) as explained in the study guide. Behavioural (criterion-directed) outcomes are specific. They indicate what learners must be able to do
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definitions) * Event * Transaction * Account * Real Account * Nominal Account * Ledger * Journal * Posting * Trial Balance * Adjusting Entries * Financial Statements * Closing Entries 2. Debits and Credits * An Account shows the effect of transactions on a given asset‚ liability‚ equity‚ revenue‚ or expense account. * Double-entry accounting system (two-sided effect). * Recording done by debiting at least one account and crediting another
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Information • Transaction‚ Analysis of Transaction‚ Accounting Cycle‚ Recording of Transaction‚ Double Entry System‚ Golden Rule of Debit and Credit‚ Posting of transactions to the Ledger‚ T Form and Multi Column Ledger‚ Preparation of Cash Book‚ Single Column‚ Double Column and Triple Column Cash Book‚ Preparation of Trial Balance‚ Suspense Accounts‚ Reflection of Errors Adjusting Entries and Closing Entries Accrued and Deferred Revenue and Expenses. Module D: Financial Statements for Different Entities
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