Debits and Credits are similar to the words used in Italy more than 500 years ago when recording business transactions. Bookkeepers and accountants store transaction amounts in a record referred to as an account. A listing of the accounts used in a business is known as a chart of accounts.
Debits and Credits are similar to the words used in Italy more than 500 years ago when recording business transactions. Bookkeepers and accountants store transaction amounts in a record referred to as an account. A listing of the accounts used in a business is known as a chart of accounts.
Debits and Credits are similar to the words used in Italy more than 500 years ago when recording business transactions. Bookkeepers and accountants store transaction amounts in a record referred to as an account. A listing of the accounts used in a business is known as a chart of accounts.