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Determine the types of Credit card sales
Bank Credit Card Sales - Most retail businesses accept bank credit cards. Treated as a CASH sale.
Recording Bank Credit Card Sales - recorded as a cash sale because receipts can be deposited in a bank immediately. Bank deducts a discount fee that ranges from 3% to 7%.
Cash
Credit Card Expense
Sales
Sales Tax Payable
Ledger = From the Journal entries we will post the transactions in a book known as Ledger. Ledger is a book which contains the summarized and classified form of permanent record
is accounting is an art or science
You have been engaged internal auditor by the management of Alden proprietary limited to review its internal control over the purchases, receipt, storage and issue of raw material.
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explain the procidure followed in government system of accounting in india?
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Analyzing and using the financial results trend percentages It is occasionally more informative to express all the dollar amounts as a percentage of one of the amounts in the b
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