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Tag: accounting software
It is a group of main and sub-accounts in the general ledger and trial balance, which are used to record all financial transactions within the company. Levels of classification of accounts in the accounts tree in the integrated accounting ERP system Afaky...
The statement of financial position: - It is a list that expresses the assets (company property) and liabilities (obligations on the company) as well as the property rights at a specific moment so we write the statement of the financial position. Or it is a statement that shows all account balances of assets, liabilities and...
First, the average cost method. This method is based in Afaky accounting program on one price for the stock. This price changes when any new quantities are received in the stores, where the average cost that expresses the price of materials is extracted and this average is calculated by the following equation...
The difference between periodic inventory and perpetual inventory? Periodic inventory The purchases account is used in the accounts and the use of the merchandise account at the beginning of the period and the end of the period Accounting entries in Afaky accounting program in the case of purchase: From h / purchases to h /...
What is a documentary course? The documentary cycle is a set of procedures that show the movement of documents within the institution or company, and represents the group of vessels in which the documents move through tracking the financial cycle. The documentary course in Afqi program is divided into:- ...