Augustine Idle funds are funds that are not currently being used for any purpose. They may be held in a savings account, cash account, or other type of investment account. Idle funds are often earn interest, but they are not actively being used to generate income or grow in value. Which investment is not made by … Read more
The term “journal definition” refers to the process of creating a new journal in an accounting system. This process typically involves specifying the journal’s name, description, and other relevant details. In some cases, the journal definition may also include specifying the journal’s entry types (e.g. debit or credit entries) and entry sequencing (e.g. chronological or … Read more
