What is Folio coloumn and its use?
i-ask! | Have a question? Ask Tutor! What does folio mean? I am going through an accounting book and I can see word folio written as a heading to the coloumn but sometimes this coloumn has something...
View ArticleWhat is Credit note and when is it used?
i-ask! | Have a question? Ask Tutor! Please explain to me what is credit note? When and why is it used? Also explain its importance in audit engagements. A credit note is a source document providing...
View ArticleWhat is Journal and how many types of journals are in accounting?
i-ask! | Have a question? Ask Tutor! Please explain what is journal and how many types of journals we have in accounting and what is the role of each. Also explain what journals have and what is...
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