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 …
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 …
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 …
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. …
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. …
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 …
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 …
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 …
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 …
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 …
