What is meant by et al?
“Et al.” is short for the Latin term “et alia,” meaning “and others.” It is used in academic citations when referring to a source with multiple authors: Hulme et al.
How many types of graphy are there?
Iconography – art of interpreting of the content by icons. Klecksography – art of making images from inkblots. Photolithography – method for micro fabrication in electronics manufacturing. Pornography – practice, occupation and result of producing sexually arousing imagery or words.
What is the difference between ology and graphy?
The suffix -logy means a branch of learning, or study of a particular subject. (Note that -ology and -onomy are alternate forms which include the connecting vowel -o-.) The suffix -graphy refers to something written about a particular subject.
What is the meaning of the suffix or ER?
The suffixes “-er,” “-or,” and “-ar” are all used to create nouns of agency (indicating “a person or thing that performs an action”) from verbs.
What is Journal and its importance?
1. The journal is a memorandum or first record in the process of recording business transactions that occurred before posting to the ledger. The journal records all business transactions according to the date of the Journal showing the chronological records of all business transactions.
How do you classify journal entries?
Here we detail about the seven important types of journal entries used in accounting, i.e., (i) Simple Entry, (ii) Compound Entry, (iii) Opening Entry, (iv) Transfer Entries, (v) Closing Entries, (vi) Adjustment Entries, and (vii) Rectifying Entries.
What is the golden rule of double entry?
The Golden Rule of Accounting Governs Double-Entry Bookkeeping. Where credits and debits are placed on the accounting file stems from one of the golden rules of accounting, which is: assets = liabilities + equity.
What is the rules of journal entries?
Take a look at the three main rules of accounting: Debit the receiver and credit the giver. Debit what comes in and credit what goes out. Debit expenses and losses, credit income and gains.
Why do we do journal entries?
A Journal Entry is simply a summary of the debits and credits of the transaction entry to the Journal. Journal entries are important because they allow us to sort our transactions into manageable data. You’ll notice the above diagram shows the first step as “Source Documents”.
What is the first rule of accounting?
The first general rule of accounting is that every transaction is recorded. It has been said that businesses that do not record transactions, or incorrectly record transactions, are committing fraud, although this is not necessarily the case.
What is Accounts Payable in simple words?
Accounts Payable is a short-term debt payment which needs to be paid to avoid default. Description: Accounts Payable is a liability due to a particular creditor when it order goods or services without paying in cash up front, which means that you bought goods on credit.
What is Accounts Payable job duties?
What is Accounts Payable? The role of the Accounts Payable involves providing financial, administrative and clerical support to the organisation. Their role is to complete payments and control expenses by receiving payments, plus processing, verifying and reconciling invoices.
What is PO and Non PO invoice?
When a purchase requisition process is in place, the purchase will be triggered by a pre-approved purchase order (PO) that is sent to the supplier. In the case of purchases made outside the regulated purchase process, a non-PO invoice, also called expense invoice, will be sent from the supplier.
What is p2p process?
Procure to pay is the process of requisitioning, purchasing, receiving, paying for and accounting for goods and services. It gets its name from the ordered sequence of procurement and financial processes, starting with the first steps of procuring a good or service to the final steps involved in paying for it.