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Tally Solutions   Nov-28-2019
A Return outwards Journal or purchase returns journal or purchase debit day book is a prime entry book or a daybook which is used to record purchase returns.
A Return inward Journal or sales returns journal or sales credit day book is a prime entry book or a daybook which is used to record sales returns.
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DEPRECIATION – DEFINITION, TYPES AND EXAMPLE
A journal is the book of original entry or prime entry in which transactions are recorded from the books of accounts from the source documents.
Cash management process is a corporate way of collecting and managing cash, as well as using it for short-term investing.
Payroll is simply an aggregation of total amount of wages paid by the company to its employees. It is one of the most significant expenses for businesses.
With globalization opening up the gates for trade and businesses across seas, we find many organizations have transactions in more than one currency.
Any charge for the privilege of borrowing money and expressed as annual percentage rate (APR) is referred to as Interest in dictionary of business.
A cost centre is nothing but a separate department within a business to which costs can be allocated. This also includes departments which do not produce directly but incur costs to the business.
An invoice is a key element of the sales process. It is the prime document that serves as a bill for the service/s or product/s your business has provided.
Budget management is an effective tool for organisations to better manage their expenses and costs. It is traditionally the domain of financial managers.
A scenario could be defined as a description of a possible set of events that might reasonably take place.