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Before the setting up of DESA, the power development board suffered a system loss of 45%. DESA managed to cut it down to around 26%. But as it also became a losing concern due to various reasons, DPDC was introduced as part of the reform process to replace DESA. DPDC has managed to cut down the system loss to single digit in recent years.
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
General ledger is the term for the comprehensive collection of T-accounts (it is so called because there was a pre-printed vertical line in the middle of each ledger page and a horizontal line at the top of each ledger page, like a large letter T). Before the advent of computerized accounting, manual accounting procedure used a ledger book for ...
Mint Bills, formerly Check [1] and before that Pageonce, [2] was a website and mobile banking application developed by Check, Inc. [citation needed] Mint Bills utilized proprietary account aggregation technology for secure payment technologies in its mobile applications; its primary service allowed users to pay bills and track bank, credit card, investment, and loan transactions and balances ...
In accounting, a check register or checkbook register is a document, usually part of the general ledger, used to record financial transactions in cash. [1] References
A user may register a bill by entering its serial number, and if someone else has already registered the bill, then the "route" of the bill can be displayed. Some bill tracking sites encourage marking a bill before spending it, whereas others do not. This usually depends on the laws of the country issuing the currency.
Depending on the company's bookkeeping procedures, all journals may be totaled and the totals posted to the relevant ledger each month. At the end of the accounting period, the company's financial statements are generated from summary totals in the ledgers. [2] Ledgers include: [3] Sales ledger (debtors ledger): records accounts receivable ...
A ledger account is created for each account in the chart of accounts for an organization and is classified into account categories, such as income, expense, assets, liabilities, and equity; the collection of all these accounts is known as the general ledger. The general ledger holds financial and non-financial data for an organization. [3]