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A ledger is a book or collection of accounts where accounting transactions are recorded. Learn about the different types of ledgers, such as sales, purchase and general ledger, and their origin and etymology.
A general ledger is a bookkeeping ledger that aggregates accounting data from journals and subledgers. It contains accounts for assets, liabilities, equity, revenue, expenses, gains and losses, and is used to prepare financial statements.
A distributed ledger is a system of replicated, shared, and synchronized digital data across many sites, countries, or institutions. Learn about its types, features, advantages, and examples of DLT in finance, smart contracts, and cryptocurrencies.
Double-entry bookkeeping 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, based on the principle of debit and credit.
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. Learn about the origin, methods, and steps of bookkeeping, as well as the related professions and terms.
Learn the meaning and history of debits and credits in double-entry bookkeeping, and how they are used to record changes in value from business transactions. Find out the rules and examples of debits and credits for different types of accounts.
A chart of accounts is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Learn about the types, structure, administration and international aspects of charts of accounts.
A blockchain is a distributed ledger of securely linked records that are used to record transactions across many computers. Learn about the origin, design, features and uses of blockchain technology, especially for cryptocurrencies like bitcoin.