Kategoria: Bookkeeping

In a review engagement, an auditor only conducts limited examinations to ensure the plausibility of the financial statements. In contrast with an audit, the review engagement only assures that the financial statements are fairly stated, and no further examinations are … Czytaj

The procedure of transferring an entry from a journal to a ledger account is known as posting. The journal entry would involve a credit to the revenue account and a debit to the accounts receivable account for accrued revenues. This … Czytaj