PRINCIPLES OF ACCOUNTING
MEANING AND DEFINITIONS OF ACCOUNTING The meaning of accounting is broader than…
Showing posts from November, 2020
Book Keeping in Accounting
Local Tech Informer
MEANING AND DEFINITIONS OF BOOK-KEEPING Book-keeping is the act of keeping wr…
Cash Transaction and It's Meaning
Local Tech Informer
CONCEPT OF CASH TRANSACTIONS All financial transactions are ultimately settled …
Subsidiary Books and It's importance
Local Tech Informer
CONCEPT OF SUBSIDIARY BOOKS A big business needs to perform a large volume of f…
How sales and sales return taken in journal
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When goods are sold in a cash, the sales account is credited. Cash belongs to …
Trial Balance Concept and Definition
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Trial balance is an important statement prepared under the double-entry system.…
What are the rules of preparing Journal Voucher
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The new accounting system follows the principle of double-entry. Under a double…
Ledger Account and It's Importance
Local Tech Informer
LEDGER ACCOUNT To help reveal the financial position: The ledger also contains …
Budget Sheet and It's Importance
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One of the important objectives of the new government accounting is to help co…
What is statement of expenditure
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The new government accounting system requires an operating level office to regu…
Petty Cash Book and It's Concept
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The new government accounting system emphasizes that government transactions h…
Concept Of Government Accounting
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Accounting is concerned with the processing of financial information of an ent…
Single Entry System and It's Meaning
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Concept Of Single Entry System There are different forms of business concern…
Non-Trading Concerns and It's accounts
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Concept of Non-Trading Concerns There are many concerns that have the main mo…
Provision and It's Objectives
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A provision is the sum of the amount set aside by charging against the profit a…
Reserve and It's Concept
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A business has to face several known and unknown contingencies and losses. Ther…
Depreciation and It's concept
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Meaning of depreciation Every business wons and uses fixed assets such as la…
Journal Voucher and It's concept
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Definition of Journal Voucher Journal Voucher can be defined as the form of or…
What really capital formation is | Process of Capital Formation
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Capital formation means increasing the real stock of capital of a country. It i…
What is Market Equilibrium | All about market equilibrium 2021
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Market equilibrium is a state of perfect balance in the market brought about by…
Why does the Supply Curve Slope Upward from Left to Right?
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The supply curve SS is obtained by plotting the supply schedule and joining the…
Is Economics a Science or an Art?
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Economists differ regarding the nature of economics. To know the nature of econ…
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