unadjusted trial balance
How to Prepare Unadjusted Trial Balance

The unadjusted trial balance is the fourth crucial step of the accounting cycle. An unadjusted trial balance is prepared after

recording transaction in the journal
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.

concept of debit and credit
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

posting to general ledger
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 Accounting
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
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

Accounting standards are principles and guidelines that provide a framework for financial reporting. They are designed to ensure that financial

Accounting Concept
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
Accounting Types

A business must use three main types of accounting to track its income and expenses most efficiently. These include financial

A begineers guide to accouting cycle
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

accounting priciples
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 guide
Accounting Basics for Beginners

Whether you are a student or owner of any business, you need to learn account basics. This quick guide will

Role and responsibilities of an auditors
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.

accounting firms
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