What is Journal?
A journal may be defined as the book of original or prime entry containing a chronological record of the transactions from which posting is done… Read More »What is Journal?
Characteristics of Computer
The computer is the most powerful machine in today’s world. It has become a need in everyone’s life. A computer can perform a task very… Read More »Characteristics of Computer
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 »Types of Shares
Double Entry and Single Entry System
Single Entry System: It is an incomplete form of recording financial transactions. It is the system, which does not record two aspects or accounts of… Read More »Double Entry and Single Entry System
Systems Of Bookkeeping
What is Bookkeeping System A bookkeeping system can be divided into two types they are namely (1). Single entry system. (2). Double-entry system. Systems Of… Read More »Systems Of Bookkeeping
Systems Of Accounting
Accounting Systems The following are the main accounting systems for 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 guide the accounting process should record, analyze, verify and report the… Read More »Accounting Principles
Types Of Subsidiary Books
Subsidiary Books are those books of original entry in which transactions of similar nature are recorded in one place and chronological order. The subdivisions of… Read More »Types Of Subsidiary Books
What is Depreciation?
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 »What is Depreciation?
What are the Branches Of Accounting?
Branches Of Accounting There are 5 Different types of Branches of Accounts are namely: Financial accounting Management accounting Cost accounting Tax accounting Project accounting Not-for-profit… Read More »What are the Branches Of Accounting?