A debit balance is normal in asset accounts such as Inventory, Cash or Equipment. "Debit" doesn't mean debt; a debit balance is a positive balance that shows on the left side of the ledger.

General Ledger Basics. The accounting process is over 500 years old. Modern accounting differs very little from that begun by Luca Bartolomeo de Pacioli, mathematician and father of modern ...

Gas-powered lawn equipment cited as major air pollution source in Georgia and electric alternatives pushed but Republican lawmakers object.

The first five segments are known as the "Account String." Therefore, an Accounting Key is comprised of an Account String plus an Object Code. The first five segments of the accounting key are also ...

In 2024, Lehan generated net revenues of approximately $25.7 million and Adjusted EBITDA of approximately $7.4 million. See “Non-GAAP Financial Measures” for a discussion of Adjusted EBITDA ...