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 been named a program. Computer technology and its usage have registered a significant development during the last three decades. Historically, computers have been used effectively … Read more
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 organization (business), preparing different ledger accounts, and also finding balance in each account is very important. Accounting is a process of recording the financial transactions of the business. The … Read more
These hot releases books of business strategy by Amazon products & its good definition 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
A company sort of organisation is that the third stage within the evolution of sorts of organisation. Its capital is contributed by an outsized number of persons called shareholders who are the important owners of the corporate.
Computer Application in Accounting is technological know-how and its utilization has 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
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 with the preparation of a record. Whenever payment … Read more
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 balances and liabilities (including capital) reflect credit balances. It is prepared at the top of the accounting period after the trading and profit and loss … Read more
Trading and 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 the business and calculates the net figure termed as profit or loss. Profit is revenue for fewer expenses. If expenses … Read more
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 place. The sole motive of this book is to lead you from confusion to clarity. Accounting is easy to … Read more
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. On the opposite hand, when goods are sold/bought on credit the payment is deferred to a future date. In such a situation, normally the firm … Read more