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A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the ...
The oldest tally sticks date to between 35,000 and 25,000 years ago, in the form of notched bones found in the context of the European Aurignacian to Gravettian and in Africa's Late Stone Age. The so-called Wolf bone is a prehistoric artifact discovered in 1937 in Czechoslovakia during excavations at Dolní Věstonice, Moravia, led by Karl Absolon.
Also in 2015, Tally Solutions announced the launch of Tally.ERP 9 Release 5.0 with taxation and compliance features. [13] In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax (GST) server and taxpayers, and in 2017, the company launched its updated GST compliance software.
The South African law of sale is an area of the legal system in that country that describes rules applicable to a contract of sale (or, to be more specific, purchase and sale, or emptio venditio), generally described as a contract whereby one person agrees to deliver to another the free possession of a thing in return for a price in money.
Sage 50 is a set of accountancy and payroll products developed by Sage Group aimed at small and medium enterprises. Sage offer unrelated products under the Sage 50 name in different regions.
Accounts may also be assigned a unique account number by which the account can be identified. Account numbers may be structured to suit the needs of an organization, such as digit/s representing a division of the company, a department, the type of account, etc. The first digit might, for example, signify the type of account (asset, liability ...
In financial accounting under International Financial Reporting Standards (IFRS), a provision is an account that records a present liability of an entity. The recording of the liability in the entity's balance sheet is matched to an appropriate expense account on the entity's income statement.
BankservAfrica is an automated clearing house located in Johannesburg, South Africa, serving both national and pan-African transactions. [1] [2] It annually processes a significant volume of transactions, encompassing various sectors such as banking, corporates, government, and retail.