Cash Transactions: Concept, Meaning, Objectives and Importance – Accounting
Cash Transactions: Concept, Meaning, Objectives, and Importance Concept of cash Transactions All financial transactions are ultimately …
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Bank Reconciliation Statement: Concept, Meaning, Definitions, Need and Importance
CONCEPT OF BANK RECONCILIATION STATEMENT A modern business performs its transactions through the bank. It generally …
Journalizing | Rules of Journalizing | Rule Based on Types of Account | Rules Based on Accounting Equation
JOURNALIZING In simple words, journalizing is an act of recording financial transactions in the journal book. …
Journal Entry: Meaning and Definitions, Objectives, and Specimen or Ruling of the Journal entry
CONCEPT OF JOURNALIZING AND THE JOURNAL The accounting process starts with the identification of the financial …
Accounting Equation Definitions – Gyankovandar
CONCEPT OF ACCOUNTING EQUATION One of the important features of double-entry book-keeping is that it makes …
Accounting Basic Terminologies | Double-Entry Book-keeping
BASIC TERMINOLOGIES 1. Capital: The amount of money or money’s worth investing in a business by …
Accounting Equation | Accounting Process or Cycle
Accounting Equation The accounting equation is also called the balance sheet equation. It represents a mathematical …