In accounting, the Ledger is a book where account transactions are recorded. It contains both an opening and carry-forward balance for each account. The entries are recorded in separate columns. The ledger also shows an ending balance. This makes it easy to track the balance of a business. Here are some examples of account ledgers.…
If you’re looking to outsource your oil and gas accounting, you’ve come to the right place. In this article we’ll discuss the requirements of financial reporting and journal entries in oil and gas accounting. Then, we’ll talk about IFRS 16 and what it means for oil and gas companies. Outsourcing oil and gas accounting Oil…