Book keeping
Book keeping- Bookkeeping is the process of recording, organizing, and maintaining financial transactions and records for a business or individual. It is a fundamental aspect of accounting and plays a…
PRINCIPLES OF ACCOUNTING
Need for accounting
Need for accounting- Accounting plays a crucial role in the world of business and finance for several reasons: Financial Reporting: Accounting helps in the preparation of financial statements, such as…
Definition of accounting
Definition of accounting- Accounting is a systematic process of recording, summarizing, analyzing, and reporting financial transactions and information of an individual, business, or organization. The primary purpose of accounting is…
PRINCIPLES OF ACCOUNTING
PRINCIPLES OF ACCOUNTING- Principles of Accounting refer to the fundamental concepts and guidelines that govern the field of accounting. These principles provide a framework for recording, reporting, and analyzing financial…