Whatever your circumstance, this Venture Line accounting glossary provides the definitions and examples you need for you to know about all aspects of financial record keeping and reporting.

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Those accounting terms are then also added to the Venture Line Accounting Dictionary.

So, the architecture and terms contained herein were developed by you our users.

The result is an accounting dictionary or glossary that is relevant to today’s environment.

A journal entry is called "balanced" when the sum of debit side amounts equals to the sum of credit side amounts.

A guide to accounting for users who are interested in understanding accounting reports.

This section explains what users need to know to understand and analyze accounting information provided in the financial statements.

Whether you are an analyst, business person or accounting student, audit the records of a corporation, a business manager, or balance your own checkbook, you will find the Venture Line accounting dictionary of accounting terms of immeasurable assistance.

To record transactions, accounting system uses double-entry accounting.

Double-entry implies that transactions are always recorded using two sides, debit and credit.

Debit refers to the left-hand side and credit refers to the right-hand side of the journal entry or account.

The sum of debit side amounts should equal to the sum of credit side amounts.