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Meaning of Accounting in Simple Words

Meaning of Accounting in Simple Words

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Admission of a Partner

by Manishkumar
Admission of a Partner

Admission of a Partner means when a new partner could also be admitted when the firm needs additional capital or managerial help. According to the provisions of the Partnership Act …

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Categories Accountancy, Accounting

Partnership Account

by Manishkumar
Partnership Account

Partnership Account, As the business expands, one needs more capital and a bigger number of individuals to manage the business and share its risks. when two or more persons close …

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Categories Accountancy, Accounting

Issue and Redemption of Debentures

by Manishkumar
Issue and Redemption of Debentures

issue and Redemption of debentures- A company raises its capital using an issue of shares. But the funds raised by the difficulty of shares are seldom capable meet the future …

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Categories Accountancy, Accounting

Documents to Formation of a Company

by Manishkumar
Documents to Formation of a Company

At the time of Incorporation of a company, the following documents of Formation of a Company have to be submitted to the Registrar of Companies : I) Memorandum of Association …

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Categories Accountancy, Accounting

Formation of a company

by Manishkumar
Formation of a company

A company is an artificial legal person i.e. it is a creation of law. It comes into existence when it is registered by following the procedures laid down by the …

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Categories Accountancy, Accounting

Types of Companies in Accounting

by Manishkumar
Types of Companies in Accounting

There are five types of companies in accounting and each one have different categories. Now we explain all separately as under the following: 1. On the basis of incorporation a) …

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Categories Accountancy, Accounting

Sourcing of Accounting Software

by Manishkumar
Sourcing of Accounting Software

The sourcing of Accounting software is an integral part of the computerised accounting system. An important factor to be considered before acquiring accounting software is the accounting expertise of people …

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Categories Accountancy, Accounting

Management and Accounting Information System

by Manishkumar
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. …

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Categories Accountancy, Accounting

What is Computerised Accounting

by Manishkumar
Computerised Accounting

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 …

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Categories Accountancy, Accounting

Ledger Posting in Accounting

by Manishkumar
Ledger Posting In Accounting

Ledger Posting in Accounting is a very important role in maintaining accounts books or records of the transaction. At the time of preparing accounts in any organisation(business), preparing different ledger …

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Categories Accountancy, Accounting
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