This formula works best for large corporations and those businesses with investors. For example, if a small business sells a widget to a customer for $1,000 and it cost $700 to produce, the accounting transaction would be an increase to cash (assets) by the amount received from the customer, an increase to revenue (owner’s equity) by the same amount, a decrease to inventory (assets) by the amount it cost to produce the widget, and an increase the cost of goods sold expense account (owner’s equity) for the amount it cost to produce the widget.
Accounting is an art as well as science which systematical process that identifies, records, classifies and communicates the economic facts and figures of an organization This process is a combination of a series of activities begin when a transaction take place and end with its inclusion in the financial statements at the end of the accounting period.
Accounting Saat ini PT Arutmin Indonesia membuka lowongan kerja terbaru bulan juli 2015 untuk beberapa posisi dan persyaratan sebagai berikut : Administrai (AD) Assistant Management (AM) Analisa Kimia (AK) Staf Pajak (SP) Audit Internet (AI) HRD (HRD) Legal (HU) Staff Accounting (SA) Secretaris (SS) GDP 2014 90 Mining Engineering Engineer, Aplication JS GDP 2014 94 Civil Engineering GDP 2014 92 Mechanical Engineering Foreman, UG Const.
Another great benefit of using Peachtree is that you do not need an accounting degree to use it. For most of the functions, it is as simple as finding the button on the screen and clicking on it, which will bring up the appropriate window where you can enter all of the information that you need to. If you are computer literate, you will be able to comfortably move around in a very short period of time.
In the light of the above discussion and definitions of Accounting, a comprehensive and meaningful definition of Accounting can be given as such, -Accounting is a discipline, well- equipped with techniques and methods through which all types of transactions measurable in terms of money or money’s worth, can be recorded, classified and summarized in a proper and systematic way.