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inventory audit
Goods Auditing: What It Is and When to Do It
The practice of goods auditing is an important part of the accounting process. An audit of goods is a process of inspecting goods, from their purchase through to their sale. Goods auditing is a means to ensure that goods are properly tracked and report......
1037 
Oliver
Ansoff matrix
Ansaroff Matrix is a mathematical tool used to solve linear systems of equations. It is named after the mathematician, Anatole Ansaroff, who originally developed it. The Ansaroff Matrix is a square matrix with entries defined by a system of linear equations. The matrix consists of two parts: the r......
Parallel carry forward step-by-step method
Parallel Stepwise Closing Method
The parallel recording process is a financial reporting process which is used to accurately reflect the economic activities, assets, liabilities and equity of a company. Companies usually separate their economic activities into distinct steps which must be underta......
double entry bookkeeping
Double Entry Accounting
Also known as double entry bookkeeping, double entry accounting is an accounting system that records each financial transaction into at least two different accounts. This system allows for the well-organized structure of a company’s finances, helping management better und......
Informationization of Construction Project Management
Construction Project Management Informatization
The amount of information required for a construction project is vast and detailed. It is important to have a centralized way to maintain this data in order to ensure mistakes are not made and risks to the physical safety of people or property are mi......
management accounting
Journal entries And The Accounting Cycle
Journal entries are a form of accounting record used to keep track of important financial information. They are usually created during each period of the accounting cycle. The cycle begins with the preparation of an unadjusted trial balance and ends with ......
debit and credit bookkeeping
Double-entry Standards and the Accounting Process
The double-entry standards of accounting make it possible for companies to record and summarize the financial events that affect their business. This system is necessary in order to prepare financial statements and generate reliable financial info......
management mode
Network time protocol (NTP) is a network protocol used for time synchronization and management between different systems on the same network. NTP was developed by Dr. David L. Mills of the University of Delaware, and has been running on the internet since the 1980’s. It is one of the oldest proto......
card book
Card Account Ledger
Keeping accurate financial records is essential to any individual or business, and a card account ledger can be an invaluable tool. With the increasingly widespread use of credit and debit cards, it may be difficult to keep track of where your money is going and how it is bein......
red letter write-off method
Credit and debit entries are used in the double-entry accounting system to record a transaction, but the red ink method uses a different approach. Red ink is a system of adjusting entries that provides an effective way to make a correction in an effcient manner.
How Red Ink Accounting Works
In t......
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