Post by account_disabled on Mar 11, 2024 3:21:39 GMT
Transaction is the first stage in the accounting cycle . This identification activity must be carried out appropriately by an accountant which can be done by recording every transaction that occurs . The accounting transactions recorded are any transactions that have a direct impact on changes in the company's financial condition and are assessed objectively . Transactions that occur must also have proof of the transaction so that identification can be carried out.
Proof of this transaction can be in the form of a receipt, invoice, note, or other evidence that is considered valid in the world of accounting . Therefore, every accounting transaction should use transaction evidence that can be recorded and identified by the accountant, especially Panama mobile number list transactions related to changes in the company's financial condition . Also read Definition of Profit and Loss Statement, Types, Functions, and Examples . Transaction Analysis After the identification stage, the next stage of the accounting cycle is that the accountant must carry out an analysis of the transaction regarding its effect on the company's financial condition.
The accounting recording system in the company always uses a double-entry system . This means that every accounting transaction that occurs will have an impact on the financial position in debit and credit and must be in the same amount . Mathematically, accounting generally uses the equation Assets Liabilities + Equity in analyzing and calculating transactions that occur . As an illustration, a company receives a cash investment of IDR equipment and supplies of IDR - . This transaction can be analyzed to show that there was an increase in cash, supplies and equipment amounting to Rp.
Proof of this transaction can be in the form of a receipt, invoice, note, or other evidence that is considered valid in the world of accounting . Therefore, every accounting transaction should use transaction evidence that can be recorded and identified by the accountant, especially Panama mobile number list transactions related to changes in the company's financial condition . Also read Definition of Profit and Loss Statement, Types, Functions, and Examples . Transaction Analysis After the identification stage, the next stage of the accounting cycle is that the accountant must carry out an analysis of the transaction regarding its effect on the company's financial condition.
The accounting recording system in the company always uses a double-entry system . This means that every accounting transaction that occurs will have an impact on the financial position in debit and credit and must be in the same amount . Mathematically, accounting generally uses the equation Assets Liabilities + Equity in analyzing and calculating transactions that occur . As an illustration, a company receives a cash investment of IDR equipment and supplies of IDR - . This transaction can be analyzed to show that there was an increase in cash, supplies and equipment amounting to Rp.