Cash Transactions: Concept, Meaning, Objectives and Importance – Accounting
Cash Transactions: Concept, Meaning, Objectives, and Importance Concept of cash Transactions All financial transactions are ultimately settled …
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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 receives cash through bank …
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. It is a process …
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 transactions of a business. …
Accounting Equation Definitions – Gyankovandar
CONCEPT OF ACCOUNTING EQUATION One of the important features of double-entry book-keeping is that it makes a two-fold or double …
Accounting Basic Terminologies | Double-Entry Book-keeping
BASIC TERMINOLOGIES 1. Capital: The amount of money or money’s worth investing in a business by its owners in the …
Accounting Equation | Accounting Process or Cycle
Accounting Equation The accounting equation is also called the balance sheet equation. It represents a mathematical expression of the balance …
Double-Entry Book-Keeping: Meaning and Definitions, Features, Importance, and Advantages
CONCEPT OF DOUBLE-ENTRY BOOK-KEEPING Book-keeping is an act of keeping permanent records of the financial transactions of a business in …
Basic Accounting Concepts
Basic Accounting Concepts Accounting is based on certain assumptions. These assumptions are known as basic accounting concepts. Those basic accounting …
Difference Between Book-Keeping and Accounting | Book-Keeping | Accounting
Difference Between Book-Keeping and Accounting Bases of difference Book-keeping Accounting 1. Meaning It is an act of making routine …
Accounting: Definitions, Features, Objectives, Functions, and Scope
MEANING AND DEFINITIONS OF ACCOUNTING The meaning of accounting is broader than that of book-keeping. Accounting includes not only book-keeping but also …
