Post by MS INYOFU (@theconscience)

9 March 2026

HINT: Record transactions the same day they occur.

Explanation: Posting transactions immediately prevents forgotten details and missing records.

Example: Office supplies bought for N15,000.
Debit Office Supplies Expense N15,000
Credit Cash N15,000

Scenario: Many accountants wait until end of the month and later discover missing receipts.

Question: Do you record transactions daily or later?

0 likes · 0 comments · 0 shares