by kasi | Jan 6, 2011 | Accounting
A statement of reconciling the balances between bank book and bank statement is called bank reconciliation statement. Bank book is maintained by the customer or account holder in his/her (usually business firm) books of accounts and bank statement is prepared by bank... by kasi | Jun 20, 2010 | Accounting
Average a simple but important tool for decision making which is used by almost every individual, businessman, and even institutions on daily basis. It would be hard to find a person on this planet who ever have not been used averages to know daily, monthly, or yearly... by kasi | Jan 31, 2010 | Accounting
Accounting is called the language of business, in which different jargons are used for each concept. Depreciation is one of them and it is the most important concept used in accounting, finance and economics. Depreciation is the process, in which the value of fixed... by kasi | Aug 23, 2009 | Accounting
Debits and credits are the accounting terminologies which are used to describe the increase or decrease in the financial components. Any movement in these components can be specified by using the term debits and credits. In T-accounts, left column represents debits...