What is debit & credit , journal entries, Book keeping, cash flows. Manual payouts routine wise.

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Debit and credit are accounting terms used to record financial transactions. Journal entries are the detailed records of these transactions. Bookkeeping involves organizing and maintaining financial records. Cash flows track the movement of money in and out of a business. Manual payouts routine wise refer to the process of making payments manually according to a set procedure.

Debit and credit are used to record increases and decreases in assets, liabilities, and equity accounts.
Journal entries provide a chronological record of all transactions, showing the debit and credit amounts for each account involved.
Bookkeeping involves tasks such as recording financial transactions, reconciling accounts, and preparing financial statements.
Cash flows track the sources and uses of cash in a business, including operating, investing, and financing activities.
Manual payouts routine wise refer to the process of making payments manually according to a predefined schedule or procedure.

What is debit & credit , journal entries, Book keeping, cash flows. Manual payouts routine wise.

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What is debit &amp; credit , journal entries, Book keeping, cash flows. Manual payouts routine wise.

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What is debit & credit , journal entries, Book keeping, cash flows. Manual payouts routine wise.