Accounting books

Accounting books

Procedures manual: works to provide information specified in because it uses certain account in a transaction. Describes the nature of the account.

To work in this manual there are different books:

Book inventory:It is used in the opening or closing of the fiscal year. You can determine the balance between rights and obligations of the organization. Causes the departure of stability in the book of newspaper, also can be defined as the summary of the inventory in a company.

In the follow image an example to Book inventory:

Daily book:

Records and reflects the accounting events chronologically. The amounts of accounts that had movements during the period, here are the seats of all accounting items and move to the General Ledger.

Example:

Ledger:

The control of movements of each accounting balance sheet account carried effect of having information at any time balances of each one of the accounts.

Balance:

Check the balance between assets and liabilities accounts, so you get a balance of verification. The information for this balance is searchable ledger and it is the basis for preparation of financial statements, can not be side mention that the financial statements are extremely important for decision making in a company.

Example

 

For us it is essential to keep a strict control with the accounting book, for they are a reflection of every transaction that takes in the company, giving accurate information, when needed, and to be a reflection of the accounts of each company indicates the status thereof.

Written by
Angie Rivera








Sources consulted
http://businesscasestudies.co.uk/business-theory/finance/accounting-functions.html
Fonseca Miranda Zaida, Accountant