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Intercompany accounting is the accounting process when transactions occur between two business entities with common ownership. Companies with common ownership include parent companies and subsidiary companies. Intercompany transactions arise when business transactions occur between entities that are not independent since control of both is held ...
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 ...
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
A general journal is a daybook or subsidiary journal in which transactions relating to adjustment entries, opening stock, depreciation, accounting errors etc. are recorded. The source documents for general journal entries may be journal vouchers, copies of management reports and invoices.
In accounting, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting .
A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger.
Jhanak is an Indian Hindi-language television drama series that premiered on StarPlus on 20 November 2023 and streams digitally on Disney+ Hotstar. [1] [2] Produced under Magic Moments Motion Pictures, it is a loose adaptation of Star Jalsha's Bengali series Guddi. The series stars Hiba Nawab and Krushal Ahuja. [3]
Imlie (transl. Tamarind) is an Indian Hindi-language drama television series that aired from 16 November 2020 to 12 May 2024 on StarPlus and streams on Disney+ Hotstar. [1] The show was produced by Gul Khan under 4 Lions Films.