According to Survey of Accounting, accounting uses a double-entry system, which is shown as a T. The left side of the T has debits and the right side has credits. Journals use the double-entry ...

Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other ...

When a company receives cash from a client for a job that has not been completed, the funds are classified as unearned revenue. Unearned revenue exists as a liability because it creates an obligation ...