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In bookkeeping, a general ledger is a bookkeeping ledger in which accounting data are posted from journals and aggregated from subledgers, such as accounts payable, accounts receivable, cash management, fixed assets, purchasing and projects. [1] A general ledger may be maintained on paper, on a computer, or in the cloud. [2]
Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. [1]
Iranian Institute of Certified Accountants (IICA) is a national professional accounting body of Iran. It was established at 21 February 1973 as a non-governmental association in Iran . IICA is the largest professional accounting body in Iran in terms of membership (more than 6000 members; CAs & ICAs).
2. Evaluate your investments and take your RMDs. The end of the year is an ideal time to review your investment strategy to make sure your portfolio is still on the right track to meet your goals.
The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation.
By Andy Sullivan. WASHINGTON (Reuters) - When President-elect Donald Trump's Republicans take control of the U.S. Congress next month, they plan to rely on a maneuver called "reconciliation" to ...
A Minnesota couple has reportedly been sentenced to four years after they locked their children in cages for "their safety." Benjamin and Christina Cotton from Red Wing, were sentenced by a ...
In bookkeeping, a bank reconciliation or Bank Reconciliation Statement (BRS) is the process by which the bank account balance in an entity’s books of account is reconciled to the balance reported by the financial institution in the most recent bank statement. Any difference between the two figures needs to be examined and, if appropriate ...
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