The general ledger is also known as the main or nominal ledger, because it holds both sides of double-entry transactions. In contrast, the purchase and sales ledgers are called subsidiary ledgers ...

Strategic business functions, such as accounting, marketing and product development, are dedicated to planning, strategy and analysis. Companies also need to produce goods and services to sell to ...

To help understand international trade, suppose that there are only two international transaction that take place in a given period, but let’s assume that those two transactions are representative of ...