Academia.edu is a social networking website for academics.[4][5] The platform can be used to share papers, monitor their impact, and follow the research in a particular field.
The difference between POS transactions and ACH transactions is that POS transactions are complete the minute the customer purchases a product and/or service. ACH transactions can still vary from one to three days due to the fact that the transactions must first be âbatchedâ electronically, before they are sent to the Clearing House and/or the Federal Reserve.
Accounting for Sales. As sale results in increase in the income and assets of the entity, assets must be debited whereas income must be credited. A sale also results in the reduction of inventory, however the accounting for inventory is kept separate from sale accounting as will be further discussed in the inventory accounting section.