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Ledger Of Merit And Demerit Of The Taiwei Immortal
A ledger is a book or collection of accounts in which accounting Financial transaction, transactions are recorded. Each account has: * an opening or brought-forward Balance (accounting), balance; *a list of transactions, each recorded as either a debits and credits, debit or credit in separate columns (usually with a counter-entry on another page) *and an ending or closing, or carry-forward, balance. Overview The ledger is a permanent summary of all amounts entered in supporting General journal, journals (day books) which list individual Financial transaction, transactions by date. Usually every transaction, or a total of a series of transactions, flows from a journal to one or more ledgers. Depending on the company's bookkeeping procedures, all journals may be totaled and the totals posted to the relevant ledger each month. At the end of the accounting period, the company's financial statements are generated from summary totals in the ledgers. Ledgers include: *Sales ledger ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (such as mandatory pension contributions), and is widely used as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Digital Data
Digital data, in information theory and information systems, is information represented as a string of Discrete mathematics, discrete symbols, each of which can take on one of only a finite number of values from some alphabet (formal languages), alphabet, such as letters or digits. An example is a text document, which consists of a string of alphanumeric characters. The most common form of digital data in modern information systems is ''binary data'', which is represented by a string of binary digits (bits) each of which can have one of two values, either 0 or 1. Digital data can be contrasted with ''analog data'', which is represented by a value from a continuous variable, continuous range of real numbers. Analog data is transmitted by an analog signal, which not only takes on continuous values but can vary continuously with time, a continuous real-valued function of time. An example is the air pressure variation in a sound wave. The word ''digital'' comes from the same sour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Distributed Ledger
A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is a system whereby replicated, shared, and synchronized digital data is geographically spread (distributed) across many sites, countries, or institutions. Its fundamental rationale is Argumentum ad populum whereby its veracity relies on a popular or majority of nodes to force the system to agree. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a Single point of failure, single (central) point-of-failure. In general, a distributed ledger requires a peer-to-peer, peer-to-peer (P2P) computer network and Consensus (computer science), consensus algorithms so that the ledger is reliably replicated across distributed computer nodes (servers, clients, etc.). The most common form of distributed ledger technology is the blockchain (commonly associated with the bitcoin cryptocurrency), which can either be on a public or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Final Accounts
Final accounts gives an idea about the profitability and financial position of a business to its management, owners, the public and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced in a Trial Balance. These final tallies are prepared for a specific period. The preparation of a final accounting is the last stage of the accounting cycle. It determines the financial position of the business. Under this, it is compulsory to make a trading account, the profit and loss account, and balance sheet. The term "final accounts" includes the trading account, the profit and loss account, and the balance sheet. Legal provisions Sections 209 to 220 of the Indian Companies Act, 2013 deal with legal provisions relating to preparation and presentation of final accounts by companies. Section 210 deals with the preparation of final accounts by companies, while section 211 deals with the form and the conte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Specialized Journals
Special journals (in the field of accounting) are specialized lists of financial transaction records which accountants call journal entries. In contrast to a general journal, each special journal records transactions of a specific type, such as sales or purchases. For example, when a company purchases merchandise from a vendor, and then in turn sells the merchandise to a customer, the purchase is recorded in one journal and the sale is recorded in another. Types of special journals The types of Special Journals that a business uses are determined by the nature of the business. Special journals are designed as a simple way to record the most frequently occurring transactions. There are four types of Special Journals that are frequently used by merchandising businesses: Sales journals, Cash receipts journals, Purchases journals, and Cash payments journals. Sales journal Sales journals record transactions that involve sales purely on credit. Source documents here would prob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Debits And Credits
Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value ''to'' that account, and a credit entry represents a transfer ''from'' the account. Each transaction transfers value from credited accounts to debited accounts. For example, a tenant who writes a rent cheque to a landlord would enter a credit for the bank account on which the cheque is drawn, and a debit in a rent expense account. Similarly, the landlord would enter a credit in the rent income account associated with the tenant and a debit for the bank account where the cheque is deposited. Debits typically increase the value of assets and expense accounts and reduce the value of liabilities, equity, and revenue accounts. Conversely, credits typically increase the value of liability, equity, and revenue account and reduce the value of asset and expense accounts. Debit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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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, organization or corporation. There are several standard methods of bookkeeping, including the single-entry bookkeeping system, single-entry and double-entry bookkeeping system, 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, daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Wriothesley's Chronicle
Charles Wriothesley ( ''REYE-əths-lee''; 8 May 1508 – 25 January 1562) was a long-serving officer of arms at the College of Arms in London. He was the last member of a dynasty of heralds that started with his grandfather—Garter Principal King of Arms John Writhe. Personal life Charles Wriothesley was a younger son of Thomas Wriothesley, who also became Garter King of Arms, and his wife, Jane Hall. His uncle, William Wriothesley, had also served at the College of Arms as York Herald. Charles Wriothesley was born in London on 8 May 1508. In 1511, he moved with his family into Garter House, which his father had built as an embodiment of the family's rise to fame. His father sent him to Cambridge to study law. He was being educated at Trinity Hall, Cambridge by 1522.See . He has no entry in '' Alumni Cantabrigienses''. He seems to have married twice. His first wife was the daughter of a Mr Mallory. When he died at his lodgings London on 25 January 1562, however, there was no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Scripture
Religious texts, including scripture, are texts which various religions consider to be of central importance to their religious tradition. They often feature a compilation or discussion of beliefs, ritual practices, moral commandments and laws, ethical conduct, spiritual aspirations, and admonitions for fostering a religious community. Within each religion, these texts are revered as authoritative sources of guidance, wisdom, and divine revelation. They are often regarded as sacred or holy, representing the core teachings and principles that their followers strive to uphold. Etymology and nomenclature According to Peter Beal, the term ''scripture'' – derived from (Latin) – meant "writings anuscriptsin general" prior to the medieval era, and was then "reserved to denote the texts of the Old and New Testaments of the Bible". Beyond Christianity, according to the ''Oxford World Encyclopedia'', the term ''scripture'' has referred to a text accepted to contain the "sacr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |