Management and Accounting Information System

Management and Accounting Information System

In order to remain competitive, organisations depend heavily on Information Systems. Management Information System (MIS) is used as the most common form of information system. A management information system (MIS) is a system that provides the information necessary to make decisions and manage an organisation effectively. Accounting Information System (AIS) identifies, collects, processes, and communicates … Read more

What is Computerised Accounting

Computerised Accounting

Contents1 i) Data Entry2 ii) Data Validation3 iii) Processing and Revalidation4 iv) Storage5 v) Information6 vi) Reporting What is Computerised Accounting, A computer is a device, which is capable of performing a spread of operations as directed by a group of instructions. This set of instructions has named a program. Computer technology and its usage … Read more

Ledger Posting in Accounting

Ledger Posting In Accounting

Ledger Posting in Accounting is a very important role in maintaining accounts books or record of the transaction. At the time of preparing accounts in any organisation(business), to prepare different ledger accounts and also to find balance in each account is very important. Accounting is a process of recording financial transactions of the business. The … Read more

Hot releases books of Business Strategy

Hot releases books of Analysis & Strategy

These hot releases books of business strategy by Amazon product & its good define of financial markets. This book is written by John J. Murphy. This book review is 4.4 out of 5. This book is a Comprehensive Guide to Trading Methods and Applications This outstanding reference has already taught thousands of traders the concepts … Read more

Computer Application in Accounting

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 to remedy complicated computational and logical problems. They have additionally been used for completing financial planning and forecasting processes. Recently, modern-day day computers have made … Read more

Distinction between Capital and Revenue

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 revenue items form a part of the trading and profit and loss account, the capital items help within the preparation of a record. Whenever payment … Read more

Balance Sheet

Balance Sheet

Contents1 Relevant Items in the Balance Sheet2 Marshalling and Grouping of Assets and Liabilities The record may be a statement prepared for showing the financial position of the business summarising its assets and liabilities at a given date. The assets reflect debit balances and liabilities (including capital) reflect credit balances. It is prepared at the top … Read more

Trading and Profit & loss Account

Trading and Profit & loss Account

Contents0.0.1 Items on the debit side0.0.2 Items on the credit side1 Closing Entries2 Concept of Gross Profit and Net Profit Trading & Profit & Loss account are prepared to determine the profit earned or loss sustained by the business enterprise during the accounting period. It is basically a summary of the revenues and expenses of … Read more

Best Accounting Books for Beginners

Best Accounting Books for Beginners

Contents1 1. Think Like an Accountant2 2. Accounting for beginners3 3. Accounting Principals4 4. Basic Accounting Simplified5 5. Accounting 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. Then you are in the proper … Read more