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There are also a number of business transactions that are non-repetitive in nature, and so require the use of journal entries to record them in the accounting records. The fixed asset accountant , generalledger clerk , and tax accountant are most likely to be involved in the use of journal entries.
Here are several examples of the types of transactions in which an accountant may become involved: Issuing an invoice to a customer , which involves recording a sale and accountreceivable. Receiving an invoice from a supplier , which involves recording an expense or asset and an account payable.
Related Courses Credit and Collection Guidebook Bookkeeping Guidebook Budgeting CFO Guidebook CostAccounting Fundamentals New Controller Guidebook Payables Management Payroll Management Project Accounting Someone wanting to enter the accounting field can choose to train for a number of possible positions.
So custodian, is very important and everybody in finance and accounting is a custodian by default, it cannot be a custodian or a co-pilot. But everybody has whether in accountreceivable or NGL accountant, or accounting manager, or a financial controller, or a CFO or a financial planner, a co-pilot is a second hat that everybody has.
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