The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

Companies break down their revenues and expenses in their income statements. Accountants record expenses through one of two accounting methods: cash basis or accrual basis. Under cash basis ...

The first step is to set up a stock account. The next step is to record your investment. In Step 3, you will repay the investment funds. The Reimbursed Expenses Income Account is created. Have an ...