Transmittal report is a report containing a list of items or records that have been transferred to a certain office, unit, department or location.

There are two major types of journal, the general journal and the special journal. The four special journals and these are the sales journal, purchase journal, cash receipt journal and the cash disbursement journal. There is also the so called combination journal being used by small firms, which is another type of special journal. However, … Read more

There are two ways to do the accounting process, either manually or computerized. If your business is small and transactions are few, manually recording the transactions and preparing the financial reports is enough. However, if the business is large and transactions are voluminous, it is better to use computerized accounting system. This is an accounting … Read more