What is Ledger in Accounting? Definition, Format
What is Ledger? Ledger is the principal book of accounts that contains all accounts covered in journal entries and in subsidiary books. All transactions are…
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23 February 2022
What Is Journal in Accounting?
What Is Journal in Accounting? Journal is the first accounting book in which financial transactions of a business are entered for the first time. Therefore,…
22 February 2022
Double Entry System of Accounting
What is Double Entry System of Accounting? Double-entry bookkeeping, in accounting, is a system of bookkeeping where every entry to an account requires a corresponding…
22 February 2022
Branches of Accounting
Nowadays, organisations are expanding rapidly. The pace of economic development can be primarily attributed to technological advancements. With an increase in the complexity of operations,…
22 February 2022
Classification of Accounts
Financial accounting has undergone a lot of changes from the time it was initiated in India by the British. Every transaction has to be recorded…
1 February 2022
What is Accounting Cycle? Steps, Example
What is Accounting Cycle? The entire process starting from the point when a business transaction occurs till it gets included in the financial statements is…
1 February 2022
What is Source Documents? Importance, Maintaining
What is Source Documents? A source document refers to any original record which contains the details of and serves as proof or record of a…
1 February 2022
What is Accounting Equation? Example, Procedure of Forming
The accounting equation lays a foundation for the double-entry accounting system. The equation balances the company’s balance sheet, which means the total of the assets…
1 February 2022
Accounting Standards
What is Accounting Standards? Accounting standards refer to written policy documents that encompass preparation, presentation and disclosure of accounting transactions in financial statements. In India,…
28 January 2022
Accounting Conventions
Accounting conventions are practices that are followed by accountants for communicating financial data. These practices are adopted in order to ensure uniformity in the preparation…
28 January 2022
