Depreciation
Depreciation- Depreciation is the process of allocating the cost of a tangible asset over its useful life. It reflects the wear and tear, decay, or obsolescence of the asset as…
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…
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…
Basic Accounting
Basic Accounting- Basic accounting refers to the fundamental principles and practices involved in recording, summarizing, and reporting financial transactions of a business or organization. It is the foundation of financial…