Cash book
Cash book- A cash book is a financial journal that records all cash transactions of a business entity in a systematic and chronological order. It is a fundamental accounting tool…
PRINCIPLES OF ACCOUNTING
Trial balance
Trial balance- A trial balance is a financial statement that provides a snapshot of a company's financial position at a specific point in time, usually at the end of an…
Subsidarybooks
Subsidarybooks- Subsidiary books, also known as sub-ledgers, are specialized accounting journals used by businesses to record specific types of transactions. These subsidiary books are maintained separately from the general ledger…
Ledger
Ledger- A ledger is a fundamental accounting tool used to record and track financial transactions in a systematic and organized manner. It serves as a central repository of all financial…
Journal
Journal- Keeping a journal can be a great way to document your thoughts, experiences, and emotions. Here's a basic template you can use to start your journal entry: Date: [Enter…
Classification of accounts
Classification of accounts- Accounts in accounting are classified into several categories based on their nature and purpose. These classifications help organize financial information and make it easier to prepare financial…
Concepts
Concepts- "Concepts" refer to abstract ideas or mental constructs that help humans understand and categorize the world around them. These are fundamental building blocks of human cognition and are used…
Advantages
Advantages- Advantages refer to the positive aspects, benefits, or favorable qualities of a particular situation, action, product, or concept. Advantages can vary widely depending on the context, but here are…
Meaning
Meaning- "Meaning" is a term that refers to the significance, purpose, or interpretation of something. It is a concept that relates to the understanding or value that we attribute to…
Objectives of book keeping
Objectives of book keeping- The primary objectives of bookkeeping are to accurately and systematically record financial transactions of a business or organization. Bookkeeping serves several important purposes, including: Record Keeping:…