The General Journal Entry is he journal is the point of entry of business transactions into the accounting system. It chronological, showing an explanation of each transaction, the accounts affected, the amounts (positive or negative), and may include a note or comment about the transaction. The purchase of manufacturing supplies might look like this:
Account Debit Credit
Purchased maintenance supplies.
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The COVID-19 pandemic outbreak has brought forth some unusual happenings across the globe, including the unexpected shutdown of many businesses to slow its spread. With physical locations closed throughout the lockdown, many non-essential businesses are scrambling to implement remote-working policies and to keep operations running to support their customers and staff. The transition to working
As the world continues to respond to the effect of the COVID-19 pandemic, more organizations have established remote working protocols to slow the spread and promote our safe recovery. As a result, an increasing number of businesses are choosing software-as-a-service (SaaS) solutions for financial management and the security of their business data. SaaS refers to