basic accounting includes revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. and debits and credits.
Financial Statement A financial statement means reports on the activities of a business. These reports are a comprehensive way of communicating financial information to the users. When the trial balance […]
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Petty Cash Book Many businesses keep a separate cash book known as a petty cash book to record small day-to-day business expenses. A petty cash book is kept to record
What is Special Journal A large enterprise has a large volume of business transactions therefore it becomes essential to divide the journal into certain subsidiary books. These subsidiary books are
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What is Trial Balance in Accounting A trial balance is a bookkeeping worksheet that compiles the balances of all ledgers into equivalent debit and credit account column totals. A trial
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Bill of Exchange Definition: A bill of exchange is a legally binding agreement between two parties to pay a fixed sum of cash to the other party on a certain
