‘Converting Journal entries to Accrual Based Accounting’. As Journal is the First Step for recording every Single Transaction of Business because in this step the business recording may begin in form of Entries. The entries are subcategorized into two parts- Debit and Credit.
‘The Adjusting Entries takes place by changing/Altering a journal entry of any specific transa ......Read More
The records of the financial transactions are important for any business. They prove the reliability of the organization and also increase the transparency of the money inflow and outflow. Bookkeeping and accounting are two terms that deal with the records of money being transactions in and around a company ......Read More
While running any business, the owner needs to look forward to the expansion of their business efficiently. Accounting is one of the crucial parts of any firm. It helps an association keep a record of every transaction for future reference. Maintaining the history of every transaction will help the owner or investor calculate the profit or loss of their business. Therefore, every company tries ......Read More
For a company it is important to have better kind of auditing policy because it is the main aspect which attracts the people in order to have a better kind of help to attract the people for shareholding. It is necessary that one person has to understand the aspects and prospect of auditing and for that he has to take preparation for it. It is highly necessary to understand that the Read More
The word “offshore bank” perceived when the banks were vested on the Islands of British Channel, off the northwest of France Coast. These banks were installed as tax shelter to captivate further investment. Presently, numerous arbitrations where offshore banks are situated do not approve of depositing tax.
An offshore bank is characterized ......Read More
Principles of Financial Accounting deals with the different kinds of financial accounting principles that are required to be followed by organizations when they are operating in th e current business environment. The principles of financial accounting can be described as the specific rules and regulations that are r ......Read More
Accounting conservatism principles can simply be defined as the extremely thorough evaluation of expenses as well as revenue. The accounting conservatism approach tends to enhance profit and reduce losses and expenses. Accounting conservatism can be classified as the branch of accounting that needs an amplified degree and grade of confirmation prior t ......Read More
The cost is identified as the total amount of money paid by the organization for the labor, equipments, services, raw material and other resources that are used in the process of manufacturing of products or rendering of services. The cost accounting is identified as the branch of accounting that helps in the detail ......Read More
Financial accounting and management accounting both are significant branches of accounting. Despite being a part of accounting both these branches differ from each other in numerous ways. While financial accounting focuses on providing a clear picture of a company’s financial position within a particular period management accounting stresses giving significant information to the managers ......Read More
Accounting is said to be the language of business. Learning accounting is a sheer hard work. It has been observed that there are various rules and approaches to study accounting efficiently. Most of the students tend to feel bored with accounting studies and crafting assignments on different topics. If you are not focused and dedicated towards studying accounting then there is no chance of A+ g ......Read More