Account reconciliation process and two types of reconciliations; bank reconciliation with step by step instructions.

Explanation of accounting for customer returns, sales and return allowances, purchase allowances, cash refunds and store credits.

Helpful tips on cash management and controls and how to apply these tips in accounting practice.

Learn about accounting for advances to employees and officers with real-life examples and journal entries.

Learn accounting for common stock issuance. Examples of common stock issued for cash and for non-cash consideration with journal entries are provided.