What is Bookkeeping?
Accounts type in
ledger |
User Manual of iticale accounting software
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In this manual you will learn tips of Bookkeeping to use iticale bookkeeping better
What are the basic principles of bookkeeping?
In order to understand accounting it is necessary to understand bookkeeping, and
in order to understand bookkeeping it is necessary to understand the basics. This chapter explains the basic principles, starting at the absolute beginning. The topics
covered are:
-
What is bookkeeping?
- Accounts Type
in ledger
- The importance
of bookkeeping.
- Single entry bookkeeping.
- The concept of double entry bookkeeping.
- Three basic rules of double entry bookkeeping.
- Two examples of double entry bookkeeping postings.
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