In our previous article, we’ve discussed about the preparation of a trial balance. After the trial balance is prepared, we need to ensure that our accounting records are accurate and our financial reports will be fairly presented. Adjusting journal entries (AJE) are necessarily … [Read more...]
How to Prepare a Trial Balance
A trial balance is an internal accounting statement prepared to check the accuracy of the company’s accounting records. As the “trial” on its name suggests, it is made to check if there are errors committed during the accounting process, which involves journalizing and posting … [Read more...]
How to Post Journal Entries to the General Ledger
After journalizing your business transactions, that is, recording them in the general or special journals, the next step is to post those journal entries in the general ledger accounts. To learn about recording transactions in the general journal, please read our previous article … [Read more...]
12 Shocking Reasons Why You Are Losing Money
Do you want to know why many people aren’t getting any further towards wealth and riches? Here are 12 shocking and not so known reasons why you are losing money and not achieving financial freedom. 1. You’re losing money because you don’t want to lose money. You’re not paying … [Read more...]
How to be a BILLIONAIRE
You’ve probably asked yourself how to be a billionaire. Perhaps, you’ve already read tons of articles about the ways on how a person can become not only a millionaire, but also a billionaire. With the multitude of stories told on what to do to become as rich as Carlos Slim Helu, … [Read more...]
How to Make a Living by Doing What You Love
Doing what you love and earning a living from it is a dream everyone wants to realize. That will make any person happy and enjoy his life. It will also make anyone more motivated and productive, considering that doing what you love will give you maximum utilization of your zeal, … [Read more...]
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