General Ledger Accounting Software

Archive for June, 2011

A. balance sheet
B. general ledger
C. income summary
D. special amount column ledger

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What do CR CD PR G S P means in accouting general ledgers?

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Or do they just go automatically in the general ledger
If you knew what I was talking about you would know I’m talking about bookkeeping those are all bookkeeping terms.

A.Accounts Payable
B.Accounts Receivable
C.Allowance for Doubtful Accounts
D.Cash
E.Interest Expêns
F.Interest Revenue
G.Interest Payable
H.Interest Receivable
I.Misc. Administrative Expense
J.Notes Payable
K.Notes Receivable
L.Bad Debt Expense

Example: 0.Received the final payment on a promissory note
Dr D
Cr K, F

1-2.Recorded the adjusting entry for estimated uncollectible accounts
at the end of the fiscal period, based upon the allowance method
3-4.Wrote off the account of the bankrupt debtor (included in Allowance for Doubtful Accounts provision had been made in Question 1-2)
5-8.Recovered the bad debt written off in Question 3-4

9-10.Replaced a customer’s account receivable with a note receivable

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DEXTER CHANEYS SPECTRUM CONSTRUCTION SOFTWAREWINS SILVER AWARD IN ROADS amp; BRIDGES MAGAZINE COMPETITION
SEATTLE, June 22, 2011: Dexter Chaney www.dexterchaney.com is pleased to announce that its construction accounting platform, Spectrum Construction Software, was named a winner in the 2011 Contractor’s Choice Awards presented by Roads Bridges magazine. In this awards program, the magazines readers rank products in a variety of categories that represent all aspects of …

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