Accounting Principles Accounting Principles can be divided into two categories. (A) Accounting Conventions. (B) Accounting Concepts. Accounting Concepts The term ‘Concepts’ denotes the basic assumptions… Read More »Accounting Principles
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: The word depreciation is derived from the Latin words,‘Do’ and ‘pretium’, which means ‘down’ and price respectively. The word depreciation denotes the loss in the value… Read More »What Is Depreciation? Its Objectives
Branches Of Accounting There are 5 Different types of Branches of Accounts They are namely: Financial Accounting. Cost Accounting. Management Accounting. Social Accounting. Inflation Accounting.… Read More »What are the Branches Of Accounting?
Partnership types— General Partnerships A general partnership involves two or more owners carrying out a business purpose. General partners share equal rights and responsibilities in… Read More »Types of partnership
Accounting Process accounting process also called as Accounting cycle. The accounting process contains the following stages. Recording of entries for all business transactions in a… Read More »Accounting Process (or) Accounting Cycle