Quick Bookkeeping View
Have you wondered how a business transaction affects each aspect of the bookkeeping records when it is entered?
This article takes 2 business transactions, income and expense, and shows you what happens in each section listed here:
- General Journals
- General Ledgers
The examples are for manual bookkeeping (the good old-fashioned hand-writing type!), and for computerized bookkeeping using the free software Manager accounting.
What is a Credit Card Balance?
Credit Card Balances
There are a few different balances that can be found on a credit card statement and knowing which is the balance you have to actually pay to the credit card company, or to find out how much you actually have available to spend, can be tricky. Here are the names of some:-
- Opening balance
- Closing balance
- Statement balance
- Current balance
- Available balance...
Are you already wondering if you just paid the right amount?