A double entry system of accounting was devised with the concept that each transaction has dual effect. Two effects of…
Cash basis of Accounting In cash basis of accounting the prevailing concept is that transactions will be entertained on the…
Cost accounting is a subject dealing with the appraisal of overall costs in producing and selling the goods or rendering…
Accounting cycle is a sequence of accounting procedures which are used to record, classify and summarize accounting information. The accounting…