An account in a sales ledger or purchase ledger for recording things bought or sold from companies who are not regular customers or suppliers and who therefore do not need their own separate accounts.
Source: Financial Times Lexicon
Erm.. I think I gave the wrong definition two weeks ago, during a Principles of Accounts tuition session.
Subscribe to:
Post Comments (Atom)
-
Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed m...
-
If you have been reading the mainstream media or the social media, it is likely that you would have heard of SimplyGo - an initiative by the... -
The Belt and Road Initiative is envisioned to enhance connectivity across continents through infrastructure investment, cultural exchange a...
-
As of today, Google will start using a new shortened url - g.co , to promote Google websites. g.co works differently as compared to a long-t...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.