Principle Of Accounting
Principle of Accounting Accounting principles are the laws and procedures that organizations must obey when presenting financial reports. It is important for all businesses to have basic accounting principles in …
Basic Accounts
basic accounting includes revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. and debits and credits.
What is Reconciliation in Accounting
What is Reconciliation in Accounting Bank reconciliation statement (reconciling) is the statement that reconciles the difference between the two balances that is balance as per cash book and the balance …
What is Accounting
What is Accounting? Accounting is the various technical activities performed by accountants including financial accounting bookkeeping and Management accounting. Accounting is considered to be as old as money however, Luca …
What is Drawing in Accounting
What is Drawing in Accounting A drawing refers to the act of the owner(s) withdrawing cash or assets from the company for personal use. Example of Drawing: An Owner withdraws …
What is Capital in Accounting
What is Capital in Accounting No business can run without money or resources being invested therein.Whatever money or resources from ones’ own pocket are put in a business is referred …