Tag Archives: Accounting in India

Double Entry System Advantages & Disadvantages – Full Analysis

Double Entry System Advantages

Double Entry System Advantages & Disadvantages. Find complete details for Double entry system with Advantages & Disadvantages. Here you can find everything related to Double entry system like – Advantages and Disadvantages of Double entry system, Main Advantages of Double entry system for Example – Accuracy, Easy to detect errors and omissions, Consistency, Helps in decision making, Indicates financial position, […]

Types of Cash Book, How Many Types of Cash Book, Contra Entry

Types of Cash Book

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 the form of an account. It serves the purpose of Cash Account also. On the debit side, all cash receipts are recorded while on the credit side, all cash payments […]

Journal – Meaning, Format, Process and Types of Journal Entries

Journal

Journal – Meaning, Format, Process and Types of Journal Entries. Check Meaning of Journal, Format of Journal, Process of Journal, Advantages of Journal etc. Hi Friends Find Complete Details for Journal. In this article you can find everything related to Journal like – Meaning of Journal, Process of Journal, Meaning of Simple Journal Entries, Meaning […]

Journal, What is Journal, Advantages of Journal, Functions of Journal

Advantages 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 chronological order. The process of recording transaction in a journal is called as ‘Journalisation’. The entry made in this book is called a ‘journal entry’. Journal is the book of […]

Ledger – Principal Book of Accounts, Ledger Accounts, Ledger Posting

Ledger Book, Ledger Posting

Ledger – Principal Book of Accounts: All journals are posted into ledger chronologically and in a classified manner Ledger is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded. It is a set of accounts. It contains all accounts of the business enterprise whether […]

Journal : Books of Prime Entry, Functions and Advantages of Journal

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 special journal has been kept in the business. All transactions are first recorded in the journal as and when they occur; the record is chronological; otherwise it would be difficult to […]

Basic Principles of Accounting and Golden Rules of Accounting

Golden Rules of Accounting

Basic Principles of Accounting and Golden Rules of Accounting. Guidelines on Basic Accounting Principles and Concepts. Here we provide complete guide for all Basic Concepts or Principles of Accounting with Golden Rules of Accounting. In this article you can find complete details regarding Basic Principles and Golden Rules of Accounting like – Basic Principles of Accounting, […]

Difference Between Convertible and Non Convertible Debentures

Difference Between Convertible and Non Convertible Debentures

Difference Between Convertible and Non Convertible Debentures: Check What is the Difference between Convertible and Non Convertible Debentures. Debentures are the long term debt instruments issued by various institutions and companies. There are many types of debentures in the market based on their convertibility, security, redemption etc., Here we are discussing about the convertibility. In this […]

Various Types of Vouchers In Accounting, Various Voucher Types

Various Types of Vouchers In Accounting

Various Types of Vouchers In Accounting, Be it vouching or passing an entry or maintaining regular books of accounts, the knowledge of vouchers & its types is very important. Find complete details for Various types of vouchers in accounting like – What is a Voucher?, What are the various types of Vouchers?, Details for Receipt […]

Material Requisition – What is?, Meaning, Procedure and Problems

Material Requisition Meaning, Procedure and Problems

Material Requisition – Meaning, Procedure and Problems. Meaning of Material Requisition, Everything you want to know about Material Requisition. Material requisition may seem like a petty matter, but in fact it plays a vital role in manufacturing process. Material Requisition  is important role in production scheduling. This article will explain all about material requisition. What […]