How to write unique article or plagiarism free article?
Plagiarism

How to write unique article or plagiarism free article?

In a discussion, Mr. Noah asked, “What is Plagiarism and how can I remove it? This question is infarct about “How to write unique article or plagiarism free article?” Definition of Plagiarism In fact, in a simple word, plagiarism is the other author’s language and thought, that you use in your original work without permission or

Read More
Introduction to Accounting
Introduction to Accounting

Introduction to Accounting

Introduction to accounting is the first chapter of the fundamentals of Accounting. This chapter deals with the following concepts Illustration 1 During the financial year 2009 – 10, Ashok had cash sales of Rs.3,90,000and credit sales of Rs.1,60,000. His expenses for the year were Rs.2,70,000 out of which Rs.80,000 are yet to be paid. Find

Read More
generally Accepted Accounting Principles
Uncategorized

Generally Accepted Accounting Principle (GAA)

The financial statements are produced following the §   accepted accounting concepts or principles §   for its uniform understanding. They are known as ‘Generally Accepted Accounting Principles’ (GAAP) and Accounting Standards. In this chapter contain following topics 2.01  Meaning and Nature of Generally Accepted Accounting Principles 2.02  Accounting Concepts   2.02.01    Going Concern Concept  

Read More
Accounting Terms
Accounting Terms

Accounting Terms

Accounting Terms are general English words that are frequently used in accounting and sometime differently understood in accounting. Following Accounting Terms will be discussed in this chapter 3.01.01   Debtor   3.01.02   Creditor   3.01.03   Assets   3.01.04   Liabilities   3.01.05   Goods   3.01.06   Stock or Inventory   3.01.07   Profit   3.01.08   Loss   3.01.09   Expense

Read More
Voucher Preparation
Fundamentals of Accounting

Business Transactions – Voucher Preparation

Business Transactions are recorded in the books of accounts on the basis of an evidence such as bills of purchases, invoices for sales, debit and credit notes, etc. These evidences being the basis of recording entry, areknown as Source Documents. Rules of debit and credit are applied to each transaction and a voucher is prepared

Read More
Journal and Ledger
Fundamentals of Accounting

Journal and Ledger

In this chapter of Journal and Ledger I will discuss the following topics 5.01 Meaning of an Account 5.02 Meaning of Debit and Credit 5.03 Classification of Accounts 5.04 Significance of Debit and credit in Accounts 5.05 Journal   5.05.01 Steps and Rules of Journalising   5.05.02 Totaling and Carry Forward.   5.05.03 Simple and

Read More
Subsidiary Books
Fundamentals of Accounting

Subsidiary Books

SUBSIDIARY BOOKS book contain Cash Book, Purchases Day Book, Sales Day Book, Purchases Returns Book, Sales Returns Book, Bills Receivable Book, Bills Payable Book and Journal Proper. In this chapter I will discuss the following topics 6.01 Subsidiary Books 6.02 Cash Book       6.02.01 Meaning          6.02.02 Single Column Cash Book       6.02.03

Read More
Bank Reconciliation Statement
Fundamentals of Accounting

Bank Reconciliation Statement (BRS)

A Bank Reconciliation Statement is prepared on a particular date to reconcile the bank balance in the Cash Book with the balance as per the Bank Pass Book (or Bank Statement) by showing reasons for differences between the two. In this chapter I will discuss the following topics 7.01   Meaning of a Bank Reconciliation Statement

Read More
Trial Balance
Fundamentals of Accounting

Trial Balance

A Trial Balance is a statement of accounts which appears in the Ledger showing either the balancesor the total amounts of debit and credit items. In this I will discuss the following topics 8.01 Meaning of a Trial Balance8.02 Objectives or Utility of a Trial Balance8.03 Limitations of Trial Balance8.04 Methods of Preparing a Trial

Read More