Purpose: To introduce the Account ChartField, explain the different levels and categories of accounts, discuss the debit and credit convention associated ... The following table provides an example of ...

Double entry accounting is the standard method of recording every business transaction in two different places to reflect a debit and a credit. Double entry is the bookkeeping principle which ...

Melissa Parietti is a literature enthusiast, writer of both nonfiction and fiction, and has produced over 70 articles on financial topics. David Kindness is a Certified Public Accountant (CPA) and ...