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 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 […]
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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
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What is Drawing in Accounting In the world of accounting, certain terms may seem perplexing to those not well-versed in financial jargon. One such term that often raises eyebrows is
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What is Capital in Accounting In accounting, capital refers to the total value of a company’s assets. This includes money that is invested, such as cash and investments, as well
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What is Income in Accounting? Income is money that an individual or enterprise gets, usually in exchange for delivering a product or service or investing their capital. Income is used
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