The journal entry for rent paid is very straightforward. Our article provides you with the full debits and credits and explanations needed.
Consignment inventory accounting is very straight forward, but has a few issues you need to be aware. Read more in our latest accounting tutorial.
The reconciliation of the payroll system involves seven important steps. We take you through each of these, including example journal entries.
The Reserve Bank of India uses a bond ledger account to manage the accounting for its debt issuances program. We look at what they are and how they are used.
We review what discount received means in accounting and provide journal entry examples to explain.
This accounting tutorial looks into the journal entry required to correctly account for discount allowed; a common tool used to help business liquidity and solvency.