Bookkeeping Assignment Help

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.

bookkeeping assignment help

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.

Problem Faced by Students With Bookkeeping Assignment

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.

Cash And Accrual Accounting Covered In Our Bookkeeping Assignment Help

The major difference between the two lies in the timing of the purchase and sales recorded in the book of accounts.

  1. Cash Based Accounting - This method of accounting does not entertain the accounts receivable and accounts payable. Revenue is entered in the book only when cash is received and expense is recorded when the cash goes out of the business.
  2. Accrual Based Accounting - Under this method, the revenue and the expense are recorded in the books when they are incurred, rather than when the money is received or paid.
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Some Bookkeeping Accounts Covered In Our Assignment Help
Below are few examples of the accounts we cover in our bookkeeping assignment help.
  1. Cash - This is one of the most basic and the most important books of accounts. All the cash transaction must be recorded in this account. It is so important that many times two types of cash accounts are maintained; the cash receipts and the cash disbursements.
  2. Accounts Receivable - If a business makes a sale of goods or service and does not collect the money in that instance, it is receivable. These are the money that the business needs to collect from the customers. For more information on the topic, take the help of our skilled writers for your bookkeeping assignment help.
  3. Inventory - It is the stock of goods that you have produced and is temporarily with you in storage. Inventory must be counted and entered in the books.
  4. Accounts Payable - It is the money that you owe to the supplier of raw material. Keeping track of these transactions helps the business monitor these payments. For further details take the assistance of our bookkeeping assignment help.
  5. Payroll Expenses - It is the expense incurred for the service provided by the employees of the company. It should be maintained in the books for the purpose of tax payments, etc.
  6. Sales - This account tracks all the revenue generating activities that the business is involved with and maintaining this account help the organisation understand its position in the market. Our adept writers provide more information in our bookkeeping assignment help.
  7. Purchases - It can be in many forms like; the raw materials you purchase for your business or the purchase of finished goods. It assists in the calculation of the cost of goods sold.
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Description of Entry Systems in Our Bookkeeping Assignment Help

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.

Single-entry System

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.

Double-entry System

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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EssayCorp provides free access to the profiles of our experts, thus making the process of decision-making easy. Our experts have legitimate access to the sources, reading materials and data (online and offline) required to write a fine quality assignment on bookkeeping.Our experts pose a strong hold over the vocabulary of the language and an unparallel writing skills. This makes the completed assignment error free and of the finest quality. We come with a student friendly chat system which keeps them in constant touch with us. Our experts do their best to clear out queries and apprehensions of the clients and update them about the progress of their work. EssayCorp also extends a complimentary lifetime Re-work and Modification facility. The best attraction, EssayCorp is very modest and unbelievably easy on your pockets. Thousands of students worldwide trust our service. Why not become one of them? We assure you the best of grades and a brighter future ahead.

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