Accounting

Double Entry System in Accounting

A double entry system of accounting was devised with the concept that each transaction has dual effect. Two effects of…

14 years ago

Cash and Accrual Basis of Accounting

Cash basis of Accounting In cash basis of accounting the prevailing concept is that transactions will be entertained on the…

14 years ago

What is Cost Accounting

Cost accounting is a subject dealing with the appraisal of overall costs in producing and selling the goods or rendering…

14 years ago

The Accounting Cycle

Accounting cycle is a sequence of accounting procedures which are used to record, classify and summarize accounting information. The accounting…

15 years ago