You’ll also need to keep the records of these transactions, such as sales receipts or customer invoices. A very simple general ledger entry to look at as a T-account example is the sale of goods. If John, who has a line of skin care products, sells $5,000 worth of products, he’ll credit (or decrease) his […]
Stale Check Law: Will Banks Honor Stale-Dated Checks?
We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. It’s also a good idea to monitor your account […]