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Double Entry
Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and always has total debits and total credits that are equal. The purpose of double-entry bookkeeping is to allow the detection of financial errors and fraud. For example, if a business takes out a bank loan for $10,000, recording the transaction would require a debit of $10,000 to an asset account called "Cash", as well as a credit of $10,000 to a liability account called "Notes Payable". The basic entry to record this transaction in a general ledger will look like this: Double-entry bookkeeping is b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the '' daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franciscan Friar
, image = FrancescoCoA PioM.svg , image_size = 200px , caption = A cross, Christ's arm and Saint Francis's arm, a universal symbol of the Franciscans , abbreviation = OFM , predecessor = , merged = , formation = , founder = Francis of Assisi , founding_location = , extinction = , merger = , type = Mendicant Order of Pontifical Right for men , status = , purpose = , headquarters = Via S. Maria Mediatrice 25, 00165 Rome, Italy , location = , coords = , region = , services = , membership = 12,476 members (8,512 priests) as of 2020 , language = , sec_gen = , leader_title = Motto , leader_name = ''Pax et bonum'' ''Peace and llgood'' , leader_title2 = Minister General , leader_name2 = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Italian Language
Italian (''italiano'' or ) is a Romance language of the Indo-European language family that evolved from the Vulgar Latin of the Roman Empire. Together with Sardinian, Italian is the least divergent language from Latin. Spoken by about 85 million people (2022), Italian is an official language in Italy, Switzerland (Ticino and the Grisons), San Marino, and Vatican City. It has an official minority status in western Istria (Croatia and Slovenia). Italian is also spoken by large immigrant and expatriate communities in the Americas and Australia.Ethnologue report for language code:ita (Italy) – Gordon, Raymond G., Jr. (ed.), 2005. Ethnologue: Languages of the World, Fifteenth edition. Dallas, Tex.: SIL International. Online version Itali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indo-Roman Trade Relations
Indo-Roman trade relations (see also the spice trade and incense road) was trade between the Indian subcontinent and the Roman Empire in Europe and the Mediterranean Sea. Trade through the overland caravan routes via Asia Minor and the Middle East, though at a relative trickle compared to later times, preceded the southern trade route via the Red Sea which started around the beginning of the Common Era (CE) following the reign of Augustus and his conquest of Egypt in 30 BCE. The southern route so helped enhance trade between the ancient Roman Empire and the Indian subcontinent, that Roman politicians and historians are on record decrying the loss of silver and gold to buy silk to pamper Roman wives, and the southern route grew to eclipse and then totally supplant the overland trade route. Roman and Greek traders frequented the ancient Tamil country, present day Southern India and Sri Lanka, securing trade with the seafaring Tamil states of the Pandyan, Chola and Chera dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
