“Transfer” card and “receiver” card
The card whose balance is transferred is called a transfer card . The card to which the balances are transferred is called a receiving card . The accounting entry accompanying the concentration operation When the balance on the transferring card is a debit balance, it is transferred to the debit column on the receiving card […]
Diary – used as a shipping container for recording on cards
Before any transaction data is recorded on the 2 cards that accompany it, it is first recorded in a row table called a journal . Each line in the journal is intended to record the data of a particular transaction. After recording in the log, the data is automatically transferred to the 2 appropriate cards. […]
Income statement ratios
Israel Furniture Profit and Loss Report for the Year 2000 (Amounts in NIS) Sales: 100,000 Cost of sale: 80,000 Gross profit: 20,000 Selling, administrative and general expenses: 5,000 Operating profit: 15,000 Financing expenses: 2,000 Profit before tax: 13,000 Income tax: 3,000 Net profit: 10,000 Profitability ratios Gross profit on sales = 0.2 Operating profit to […]
Chapter 4 – Basic Accounting Concepts
Chapter 1 – Financial Statement Analysis
Chapter 2 – Valuation of Companies
