Journal Entries
Different types of Journal Entries: 1. Started/Commencement/Invested in a Business: All assets A/c To capital...
Account XI
The Basic Accounting Terminologies
Entity: An entity means an economic unit that performs economic activities like National Trading Ltd.,...
Bank Cash Book
Meaning and concept: A bank cash book is a multi columnar cash book which records...
Non-Trading Account
Things to remember Subscription – Income (Income and Expenditure Account) Add: if outstanding current year...
Trial Balance
Meaning and Concept: The trial balance is a statement which is prepared by using the...
Accounting for Incomplete Record
Single Entry System of Book-Keeping Meaning of Single entry System: Single entry system is an...
Accounting Errors
Meaning and Concept: The errors or mistakes which are committed in the journal, ledger, and...
Government Accounting
Meaning and concept of Government Accounting: The accounting system used in government offices to record...
Reserve and Provisions
Meaning of Reserve A reserve is a part of the profit set aside to meet...
Book-keeping and Accounting Concept
A business needs financial information to make decisions. Book-keeping and accounting provide such information for...