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Meaning of Accounting in Simple Words

Meaning of Accounting in Simple Words

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Accountancy

Computer Application in Accounting

by Manishkumar
Computer Application in Accounting

Computer Application in Accounting is technological know-how and its utilization have registered an enormous improvement during the closing three decades. Historically, computer systems are used efficiently in science and science …

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Categories Accountancy, Accounting

Distinction between Capital and Revenue

by Manishkumar
Distinction between Capital and Revenue

A very important is the Distinction between Capital and Revenue Items in accounting. The distinction has important implications for creating the trading and profit and loss account and record. The …

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Categories Accountancy, Accounting

Balance Sheet

by Manishkumar
Balance Sheet

Balance Sheet- The record may be a statement prepared for showing the financial position of the business summarizing its assets and liabilities at a given date. The assets reflect debit …

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Categories Accountancy, Accounting

Best Accounting Books for Beginners

by Manishkumar
Best Accounting Books for Beginners

1. Think Like an Accountant This book is written by Shubhasish Das. These account books for beginners all are struggling to understand accounting and do not be aware of why. …

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Categories Accountancy, Accounting

Bill of Exchange

by Manishkumar
Bill of Exchange

What is Bill of exchange? Bill of Exchange-Goods are often sold or bought for cash or on credit. When goods are sold or bought for cash, payment is received immediately. …

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Categories Accountancy, Accounting

Difference between Provisions & Reserves

by Manishkumar
Difference between Provisions & Reserves

Difference between Provisions & Reserves- Provisions are certain expenses/losses which are related to the current accounting period but the amount of which is not known with certainty because they are …

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Categories Accountancy, Accounting

Petty Cash Book in Accounting

by Manishkumar
Petty Cash Book in Accounting

Petty cash book in accounting – In every organization a Petty Cash Book is maintained by many small payments such as conveyance, cartage, postage, telegrams, and other expenses (collectively recorded …

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Categories Accountancy, Accounting

Depreciation Meaning

by Manishkumar
Depreciation Meaning

What is a Depreciation? Depreciation meaning- The decline in the value of a fixed asset due to use, the passage of time, or obsolescence. if a business enterprise procures a …

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Categories Accountancy, Accounting

Trial Balance

by Manishkumar
Trial Balance

What is a Trial Balance? A trial balance is a statement showing the balances, or a total of debits and credits, of all the accounts in the ledger intending to …

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Categories Accountancy, Accounting

Bank Reconciliation Statement

by Manishkumar
Bank-Reconciliation

A Bank Reconciliation Statement is the comparison made between the bank balance & as shown in the firm’s cash book, the two balances do not tally. Hence, we’ve to first …

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Categories Accountancy, Accounting
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