Bookkeeping is a sub-part of the process of accounting. Bookkeeping involves the recording, storing and retrieving of data related to financial transactions of a company, NGO, individual, etc. The bookkeepers ensure that records of the financial transactions are recorded in an accurate and comprehensive manner. Their job is to keep the list updated. Bookkeeping is a very important parameter of business strategy because it provides the information to prepare the accounts. Thus, every single transaction has to be recorded in the database for recording the growth of the company.
A student can have trouble understanding and properly maintaining this book of accounts. It is taught to the students at the time of the inception of the course. It can be especially difficult for the students because of their lack of exposure to this field of study. The assignment in the subject can cause trouble for the student. Therefore, we at EssayCorp provide the best bookkeeping assignment help at a very affordable price.
Bookkeeping as a part of accountancy involves many complicated concepts; the jargons are not easy to memorise either. The mathematical nature of the subject makes it difficult for the students to perform adequately in the examination. This is one of the initial concepts that a student comes across while inducting for an accountancy curriculum. A student also faces problems with the assignments assigned to them as they cannot perform the task effectively with the limited knowledge they possess. That is where we EssayCorp come in with our bookkeeping assignment help service.
The major difference between the two lies in the timing of the purchase and sales recorded in the book of accounts.
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The writers of EssayCorp are qualified with PhD and masters degree, they can provide you with the necessary help in your assignment. All the questions, be it theoretical or mathematical can be solved by them with ease. Here is a brief description of the types of entry system covered in our bookkeeping assignment help by our adept writers.
In this type of accounting, the transactions are entered as a single entry in the journal or the books. The companies following this method of entry are limited to maintaining the books on a cash basis and not the accrual. It is generally the small businesses and companies that choose to maintain this form of accounts as it is easier to maintain and less expensive too. A professional accountant is not mandatory to maintain such book of accounts.
As the name suggests, in a double-entry system the transactions are to be entered twice in two different accounts. In this method of bookkeeping, mistakes can be detected very easily because the transaction is entered twice. Retrieving the details of the account becomes easy with this method. The total amount due to the debtors and the creditors can be ascertained easily.
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