An Adjusting Journal Entry (AJE) is an entry made in an accounting journal to allocate income or expenses to the period in which they actually occurred, typically as a part of the end-of-period adjustments to the financial statements.
An essential ledger account in the process of share capital application and allotment, detailing the financial transactions related to the acquisition of shares in a company.
An impersonal account is a type of ledger account that does not bear the name of an individual and includes nominal accounts and real accounts.
A ledger account credited with interest receivable until received, after which it is moved to the bank and credited to the profit and loss account for the period.
A ledger account is a record in a ledger where all the financial transactions pertaining to a specific person, item, or activity (such as a debtor or stock item) are documented.
