Category: Account XI

Meaning and Concept: The trial balance is a statement which is prepared by using the debit and credit totals and...

Single Entry System of Book-Keeping Meaning of Single entry System: Single entry system is an incomplete and unsystematic system of...

 Meaning and Concept:  The errors or mistakes which are committed in the journal, ledger, and any other financial statements are known...

Meaning and concept of Government Accounting: The accounting system used in government offices to record and report their financial transactions...

Meaning of Reserve A reserve is a part of the profit set aside to meet future contingencies and losses. Usually,...

A business needs financial information to make decisions. Book-keeping and accounting provide such information for that purpose. Book-keeping makes routine...