Tally Ledgers Groups List, Accounting Groups in Tally 3.0
List of Tally Ledgers Groups List pdf: (Tally ledger under which head). check the complete list of tally ledgers created under the group list of Tally ERP
Accounting in India
Various Types of Vouchers In Accounting, Various Voucher Types
Various Types of Vouchers In Accounting, Be it vouching or passing an entry or maintaining regular books of accounts, the knowledge of vouchers & its
Accounting Concept: Types of accounting concepts, Analysis
Accounting Concept: Accounting concepts are defined as basic assumptions on the basis of which financial statements of a business entity are prepared. They are used as
Types of accounts, What is Account with Explanation, Example
Typse of accounts: There are 3 types of Accounts i.e Personal account, Real Account, Nominal Account. The term “account” is always used in accounting / Book
Download Accounting Heads for Tally in Excel Format
Download Accounting Heads for Tally we are providing a list of all accounting Heads for tally with descriptions. You can find all details of these accounting
Maintaining Books of Accounts by Small Business Owners
Maintaining Books of Accounts by Small Business Owners, Check Complete Requirement of Maintenance of Books of Accounts, also check Requirement to Maintain Books And Audit, What
Deferred Revenue Expenditure, What is Deferred Revenue
Deferred Revenue Expenditure: Deferred revenue expenditure is that expenditure for which payment has been made or a liability incurred but which is carried forward on the
Fundamentals of Accounting, Introduction to Financial Accounting
Fundamentals of Accounting: Every individual performs some kind of economic activity. A salaried person gets salary and spends to buy provisions and clothing, for children’s
Difference between Book Keeping and Accounting with Meaning
Difference between Book Keeping and Accounting with Meaning: Book-keeping is an activity concerned with the recording of financial data relating to business operations in a significant
Capital Expenditure, Meaning with example of Capital Expenditure
Capital expenditure is that expenditure which results in acquisition of an asset or which results in an increase in the earning capacity of a business.
Journal, What is Journal, Advantages of Journal, Functions of Journal
Journal: A journal is often referred to as Book of Prime Entry or the book of original entry. In this book transactions are recorded in their
What is Book Keeping?: Difference Between Accounting & Book Keeping
What is Book Keeping and a comparison with Accounting. Find Everything related to Book Keeping, Here we are providing complete details for What is Book
Accounting standard 28 (AS 28) Impairment of Assets
Accounting standard 28 Impairment of Assets: The objective of AS 28 is to prescribe the procedures that an enterprise applies to ensure that its assets
Journal – Meaning, Format, Process and Types of Journal Entries
Journal – Meaning: Process and Types of Journal Entries. Journal is the first stage of recording business transactions. It is called as “Book of original
Journal : Books of Prime Entry, Functions & Advantages of Journal
General Journal: This is also known as Journal Proper or General Journal. It is used for making the original record of such transactions for which no
Subsidiary Books: Introduction, Advantages of Subsidiary Books
Subsidiary Books: Introduction and Advantages of Subsidiary Books. In a Business, most of the transactions generally relate to receipts and payments of cash, sale of
Ledger Accounts 2021 – Principal Book of Accounts & Posting
LedLedger Accounts – Principal Book of Accounts: All journals are posted into ledger chronologically and in a classified manner Ledger is the principal book of accounts
Capital Losses and Revenue Losses, Detail of Capital and Revenue Losses
The loss suffered by a company on the sale of fixed assets, The loss suffered by the business in the ordinary course of business is
Contingent Assets and Contingent Liabilities – In Detailed
Contingent Assets and Contingent Liabilities: A contingent asset is a potential asset associated with a contingent gain. Unlike contingent liabilities and contingent losses, contingent assets and contingent gains are not recorded in accounts, even when they are probable and the
How to Finalize Balance Sheet & Analysis of Balance Sheet
How to Finalize Balance Sheet & Analysis of Balance Sheet. A balance sheet is a summary of a business’s finical health on any given day. It
Types of Cash Book, How Many Types of Cash Book, Contra Entry
Types of Cash Book: Cash book is the book in which all transactions concerning cash receipts and cash payments are recorded. Cash Book is in
Steps to Locate Errors | Rectification of Errors, Errors in Trial Balance
Steps to Locate Errors: Even if there is only a very small difference in the trial balance, the errors leading to it must be located and
Fund Flow Statement: Meaning, Objectives & Preparation Guide
Fund flow statement also called as statement of “source and application of funds” which provides insight into the movement of funds and useful to understand
Cash Basis Vs Accrual Basis of Accounting – The difference
Cash Basis Vs Accrual Basis of Accounting, We all have heard about the cash basis & accrual basis of Accounting, but here we will do a
Accounting for Rectification of Errors – Classification, Suspense
Accounting for Rectification of Errors , To err is human! So, it is obvious that while we are doing the accounting of an entity, we can
What Is Debit Note and Credit Note – Complete Details
What Is Debit Note and Credit Note: here we are providing complete details for Debit Note and Credit Note. In this article you can find
Fairness and Accounting Fairness – A Detailed Analysis 2021
Fairness and Accounting Fairness: Some words, frequently used in accountancy, do not connote its etymological or philosophical meaning. This paper tries to find the gap between
Ind AS 7 – Statement of cash flows, Applicability, Scope, Objective
Ind AS 7 Statement of Cash Flows – Ind AS 7 prescribes principles and guidance on preparation and presentation of cash flows of an entity
Accounting Principles, Accounting Concepts and Conventions
Accounting Principles : Accounting is a language of the business. Financial statements prepared by the accountant communicate financial information to the various stakeholders for decision-making
Accounting Equation: Formula of Accounting with Example
Accounting Equation: The accounting equation that is the foundation of double entry accounting. The accounting equation displays that all assets are either financed by borrowing money or paying with the money