Accounts

Journal: A journal is often referred to as Book of Prime Entry or the book of original entry. In this book…

Trial Balance methods: A trial balance is a schedule or list of debit and credit balances extracted from various…

Contingent Assets and Contingent Liabilities: A contingent asset is a potential asset associated with a contingent …

Functions of Accounting: There are certain users of accounts. Earlier it was viewed that accounting is meant for…

Difference between Capital Receipts and Revenue Receipts: Receipts which are not of revenue nature are capital…

Role of Accountant: An accountant performs financial functions related to the collection, accuracy, recording,…

Capital and Revenue Receipts: Capital receipts comprise of payments or contributions into the business by the…

Subsidiary Books: Introduction and Advantages of Subsidiary Books. In a Business most of the transactions generally…

Accounting Principles : Accounting is a language of the business. Financial statements prepared by the accountant…

Accounting Cycle: When complete sequence of accounting procedure is done which happens frequently and repeated in…

Rules of Debit and Credit: The left hand side of an account is called the debit side; while the right hand side is…

5 Key Factors to Consider While Choosing an Accounting Software. How to Choose Accounting Software. Do you run a…