Improving farm efficiency is vital in today’s farming world. Keeping track of your farm financial records and being able to ...

A general ledger is the foundation of a company’s double-entry accounting system. General ledger accounts encompass transaction data needed to produce an income statement, balance sheet ...

LUCA Pacioli, the 15th-century mathematician and Franciscan friar, is celebrated as the father of modern accounting. His seminal work, Summa de Arithmetica, Geometria, Proportioni et Proportionalità, ...

The general principles of double-entry bookkeeping were created in thirteenth century Italy and fully developed by the fifteenth. Still in use today, these principles remain largely the same. The ...

Most journal entries are composed in a double-entry bookkeeping method. A journal is a detailed record of all transactions done by a business used to reconcile accounts. Entries are usually ...