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Meaning of Accounting in Simple Words

Meaning of Accounting in Simple Words

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Dissolution of Partnership Firm

by Manishkumar
Dissolution of Partnership Firm

Dissolution of Partnership Firm, In such a situation, while the prevailing partnership is dissolved, the firm may continue under an equivalent name if the partners so decide. In other words, …

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Categories Accountancy, Accounting

Accounts from Incomplete Records

by Manishkumar
Accounts from Incomplete Records

Accounting records, which aren’t strictly kept consistent with the double-entry bookkeeping system are referred to as Accounts from incomplete records. Many authors describe it as a single entry system. However, …

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Categories Accountancy, Accounting

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
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