Posts

How the Economic Machine Works10

Image
  How the Economic Machine Works: “A Transactions-Based Approach”   80 An economy is simply the sum of the transactions that make it up. A transaction is a simple thing. Because there  are a lot of them, the economy looks more complex than it really is. If instead of looking at it from the top down,  we look at it from the transaction up, it is much easier to understand.   80 A transaction consists of the buyer giving money (or credit) to a seller and the seller giving a good, a service or a  financial asset to the buyer in exchange. A market consists of all the buyers and sellers making exchanges for  the same things – e.g., the wheat market consists of different people making different transactions for different  reasons over time. An economy consists of all of the transactions in all of its markets. So, while seemingly  complex, an economy is really just a zillion simple things working together...

One possible idea could10

Image
  One possible idea could be a virtual skin analyzer for a personalized anti-aging solution that gives users personalized and scientific advice for their skin. This solution provides them with a solution to their skin problems such as ageing, dustiness and dryness of their skin. The Virtual Skin Analyzer solution scans the skin of its users and uses expert software to give recommendations for their skin in a scientific manner. This advice will be based on international standards which are based on their age, skin color and their Formulated based on the specific skin needs of the users. In addition, users using this solution can also be provided with a virtual skin tracker to track the health of their skin. This tool can prove useful in controlling skin health and removing skin problems. In addition to this solution, there can also be a Virtual Reality (VR) device as an innovative anti-aging solution that motivates users to fight with skin problems. In this tool users can do a virtu...

Posting transactions to the general ledger10

Image
  Posting transactions to the general ledger Posting transactions to the general ledger is the process of transferring transaction data from the journal entries to the appropriate accounts in the general ledger. The general ledger is a book or electronic system that records all the transactions of a business in separate accounts according to the type of transaction or asset. Here are the steps involved in posting transactions to the general ledger: Determine the account to be debited or credited: Each transaction involves at least two accounts, and each account is affected in opposite ways. For example, a sale transaction would debit the cash account and credit the revenue account. The account to be debited is listed first and the account to be credited is listed second. Locate the appropriate account in the general ledger: The account to be debited or credited must be found in the general ledger. The general ledger is organized by account name or number. Record the transaction i...

Basic principles of accounting10

Image
  Basic principles of accounting There are several basic principles of accounting that provide a foundation for all accounting practices. These principles are: Accrual Principle : This principle requires businesses to record revenue and expenses in the period in which they are earned or incurred, regardless of when the cash is received or paid. This provides a more accurate picture of a business's financial position. Consistency Principle : This principle requires businesses to use consistent accounting methods from one period to another. This ensures that financial statements are comparable over time and that changes in financial position are due to actual changes in the business, not changes in accounting methods. Going Concern Principle: This principle assumes that a business will continue to operate for the foreseeable future. This allows businesses to report assets and liabilities at their estimated future value rather than their current market value. Historical Cost Principl...

Shareasale Affiliate Sign Up (Step-by-Step Guide 2023)

Image
  Shareasale Affiliate Sign Up (Step-by-Step Guide 2023) Are you interested in earning money by promoting products from your favorite brands? If yes, then becoming a Shareasale affiliate is an excellent opportunity for you. Shareasale is a popular affiliate marketing network that connects affiliates with merchants who want to promote their products. In this article, we will provide you with a step-by-step guide on how to sign up for the Shareasale affiliate program. Table of Contents Introduction to Shareasale Why Become a Shareasale Affiliate? Shareasale Affiliate Sign Up Process Step 1: Visit the Shareasale Website Step 2: Click on the “Affiliate Sign Up” Button Step 3: Fill Out the Application Form Step 4: Wait for Approval Step 5: Log in to Your Shareasale Account Shareasale Dashboard Overview How to Find and Join Shareasale Merchants Shareasale Affiliate Marketing Tools Tips for Successful Shareasale Affiliate Marketing Common Shareasale Affiliate Sign Up Issues and Solutions ...