Journal, Ledger and Trial Balance Archives

Rectification of Errors

November 28, 2024 Mukesh Singh 0 Comments 0 tags

Rectification of Errors The rectification of errors generally refers to the process of identifying, correcting, and preventing mistakes, discrepancies, or inaccuracies in various contexts, such as in documentation, processes, systems,

Non -Trading Organisation

November 28, 2024 Mukesh Singh 0 Comments 0 tags

Non -Trading Organisation A non-trading organization refers to an entity that does not engage in the buying and selling of goods or services as a primary activity for generating profit.

Journal, Ledger and Trial Balance

November 28, 2024 Mukesh Singh 0 Comments 1 tag

Journal, Ledger and Trial Balance In accounting, Journal, Ledger, and Trial Balance are key components of the double-entry bookkeeping system. Here’s an explanation of each: 1. Journal: The journal is