Accounting Cycle, Steps / Phases of Accounting Cycle (Detailed)
Accounting Cycle: When complete sequence of accounting procedure is done which happens frequently and repeated in…
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Accounts
Contingent Assets and Contingent Liabilities – A Detailed analysis
Contingent Assets and Contingent Liabilities: A contingent asset is a potential asset associated with a contingent …
Deferred Revenue Expenditure, What is Deferred Revenue Expenditure
Deferred Revenue Expenditure: Deferred revenue expenditure is that expenditure for which payment has been made or a…
Branches of Accounting, Types of Accounting, How Many Branches
Branches of Accounting: Accounting has universal application for recording transactions and events and presenting…
Role of Accountant : Maintenance of Books of Accounts by Accountant
Role of Accountant: An accountant performs financial functions related to the collection, accuracy, recording,…
Comparison between Capital Expenditure and Revenue Expenditure
Comparison between Capital Expenditure and Revenue Expenditure, check out difference between capital Expenditure…
Revenue Expenditure, What is Revenue Expenditure with Example
Revenue Expenditure: Expenses whose benefit expires within the year of expenditure and which are incurred to…
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…
Subsidiary Books: Introduction and Advantages of Subsidiary Books
Subsidiary Books: Introduction and Advantages of Subsidiary Books. In a Business most of the transactions generally…
Functions of Accounting, The Accounting Functions in an Organization
Functions of Accounting: There are certain users of accounts. Earlier it was viewed that accounting is meant for…
Ledger – Principal Book of Accounts, Ledger Accounts & Posting
Ledger - Principal Book of Accounts: All journals are posted into ledger chronologically and in a classified manner…
Difference between Capital Expenditure and Revenue Expenditure
Difference between Capital Expenditure and Revenue Expenditure: The following are the points of distinction between…