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Here the guide to know about the relation between balance sheet and income statement. Click now and get a clarity in between them.

Dealing with numbers is an inescapable part of doing business, you may be curious about some bookkeeping questions. Here are the answer that can help you.

Adjusting entries are a type of journal that consolidates accounting records at the end of accounting period. Click to know about adjusting entries types.

Reversing entries are journal entries intended to reverse specific accrual-based adjusting entries. Know more about the functions of reverse entries now.

Financial transactions are recorded in general ledgers, often called books of original entry. Double-entry bookkeeping is used in this journal, Visit now.

Checkout the different types of specialized journals and also know when to use a specialized or general ledger. Click the link below for more information.

Financial statements are reviewed to be certain that all information is accurate, Checkout the top features of bank reconciliation in accounting now.

The balances of a subsidiary ledger are summarized in a control account, a sort of general ledger. Check out the role of control accounts in accounting.

“Inventory” refers to products that a firm wants to sell and are raw/in-process/finished. Read to know about the types of inventory accounting methods.

There are a number of ways to price inventory when calculating the cost of goods sold. Learn more about the three methods of accounting inventory click now.

To keep a business from becoming insolvent in the future, cash flow forecasting is done. To learn more about cash flow and its features, Click the link now

Internal control is the process of reducing risk within an organization and creating uniform procedures for all goals. Click here to read more.