Recording Transactions In The General Journal
Recording transactions in the general journal is an essential step of the accounting cycle. it comes after analysing the transaction.
What Is the concept of Debit and Credit?
The debit and credit are two of the most crucial accounting terms you need to understand. This is particularly important
General Ledger: Posting Process & Rules
Posting to the general ledger is the most crucial accounting cycle phase. This process comes after the journal entries, in
Identification and Analysis of Transactions in Accounti...
Identification and analysis of transactions in accounting is an essential part of the accounting process. Whenever a business starts to
Golden Rules of Accounting – Types of accounts
In accounting and finance, accounting rules are the most famous and commonly used term. These rules are universally applicable, and
Accounting Standards
Accounting standards are principles and guidelines that provide a framework for financial reporting. They are designed to ensure that financial
Differences between Accounting Concepts, Principles, an...
Accounting concepts, principles, and conventions have a significant role in processing reliable and realistic financial information. These are the set
Accounting Types
A business must use three main types of accounting to track its income and expenses most efficiently. These include financial
A Beginner’s Guide to Accounting Cycle – 20...
Accounting plays an important role in any organization and business. Whether it is small and medium enterprises. It helps track
GAAP- Importance and Limitation
Generally accepted accounting principles (GAAP) are the set of accounting procedures, rules, and standards used to prepare financial statements. It
12 Basic Accounting Principles
Every business and company has its own principles that help business owners in reporting financial data. Accounting principles are rules
Accounting Basics for Beginners
Whether you are a student or owner of any business, you need to learn account basics. This quick guide will
What are the roles and responsibilities of an Auditor?
Every company is obliged to prepare a financial statement to examine the financial reports as per the court of law.
Amazing Benefits of using Software for Accounting Firms
In this era of software and advanced technology, every type of business needs software as per the sector they operate
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