wow I learned something..
Diploma in Accounting - Advanced Controls and Transactions First Assessment Please note: Comments are not reviewed by ALISON Support staff. For technical support, please contact [email protected]
Advanced Controls and Transactions First Assessment
what's accounting controls and transactions first assest?
With the account now opened, you can transfer more money to the transaction account
what's transation accounts?
Two-legged transactions are the easiest to work with, so if that's the way the business works, it's not worth trying to build multi-legged transactions even though you can support a two legged transaction with a multi-legged transaction. With a two-legged transaction the entries are optional - you can choose to have all the data on the transaction. This works if the two entries really are only different in the sign of their amount. When I lived in Britain it was always the case that it took three days to do a transfer from one account to another. So even if I transferred money from my checking (current) to my savings (deposit) account at the same branch, the withdrawel from my checking account would occur three days before the deposit to my savings account. In this case we would need the entries so we could record the separate dates.
what's cash payment?
what's consetp of double entry?
i always haven deficulties getting access to learning site is a problem for me,