Cost accounting is the recording of all the financial transaction relating to the cost incurred in a given year. It is prepared to keep an account of the cost so that management can take the necessary measure in the direction … Read More...

What is Expanded Accounting Equation? Expanded Accounting Equation is basically one of the accounting equation which gives details and basic information about all the elements of Stockholder’s Equity. Expanded Equation develops the role and importance of Equity in accounting terms. … Read More...

‘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- … Read More...