Single-entry bookkeeping Wikipedia
Bookkeeping is documenting every transaction that occurs within a business. This entails individual entries in journals or ledgers that summarize each transaction. https://4minsk.by/modules.php?name=News&file=view&news_id=7 Financial statements are then prepared from these journals and ledgers and summarize the income and expenses of a business for a specific timeframe. What is double-entry bookkeeping? Most businesses, even most small businesses, use…