Computerised Accounting
The process of recording of business transactions in journal,classifying them,posting in appropriate ledger and preparing the trial balance and financial statement with the help of… Read More »Computerised Accounting
Business Accounts
What is Journal?
Journalising is the process of recording transactions in a journal is called as. Journal is a process of records all daily transactions of a business in… Read More »What is Journal?
Define Share and Types of Shares
Definition of Share The companies act defines a share as “share in the share capital of a company, and includes stock except where a distinction… Read More »Define Share and Types of Shares
Difference Between Double Entry and Single Entry
Single entry system: A single entry system is an incomplete form of recording financial transactions. It is the system, which does not record two aspects… Read More »Difference Between Double Entry and Single Entry
Systems Of Bookkeeping
What are Bookkeeping System Bookkeeping system can be divided in to two types they are namely (1). Single entry system. (2). Double entry system. 1.… Read More »Systems Of Bookkeeping
Systems Of Accounting
Accounting Systems The following are the main accounting systems of recording business transactions. Cash System under this system actual cash receipts and actual cash payments… Read More »Systems Of Accounting
Accounting Principles
Accounting principles are essential rules and concepts that govern the field of accounting, and guides the accounting process should record, analyze, verify and report the… Read More »Accounting Principles
Types Of Subsidiary Books
Definition of Subsidiary Books Subsidiary Books are those books of original entry in which transactions of similar nature are recorded in one place and chronological… Read More »Types Of Subsidiary Books
Depreciation? Its Objectives
The word depreciation denotes the loss in the value of an asset due to its continuous usage, change in technology, time, etc. In other words,… Read More »Depreciation? Its Objectives
What are the Branches Of Accounting?
Branches Of Accounting There are 5 Different types of Branches of Accounts are namely: Financial Accounting. Cost Accounting. Management Accounting. Social Accounting. Inflation Accounting. 1.… Read More »What are the Branches Of Accounting?