16Jul, 2018

Basic Terms in Accounting

Basic Terms in Accounting Entity Entity has a definite individual existence. Business entity is an identifiable business enterprise such as Super Bazaar, Jewellers and so on. An accounting system is …

16Jul, 2018

Basic Accounting Concepts

Basic Accounting Concepts Assumptions are traditions and customs which are developed over a period of time and well-accepted by the profession. They provide a foundation for recording transactions and preparing …

Branches of Accounting
13Jul, 2018

Branches of Accounting

Branches of Accounting Economic development and technological advancement have resulted in an increase in the scale of operations of business, leading to the advent of the company from of organisation. …

12Jul, 2018

Meaning of Accounting

Meaning of Accounting The American Institute of Certified Public Accountants (AICPA) defines accounting as “The art of recording, classifying and summarising, in a significant manner and in terms of money, …