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Accounting conventions

Financial Accounting Unit 01 Introduction to Accounting

Accounting conventions denote customs or traditions that are used as a guide in the preparation o...

Updated 1 month ago by Sanjay Bandaru

Three Column Cash Book

Financial Accounting Unit 03 Subsidiary Books

A Three Column Cash Book is an extension of the double column cash book, with an additional bank ...

Updated 1 month ago by Sanjay Bandaru

Purchase Return Book

Financial Accounting Unit 03 Subsidiary Books

The Purchase Book is a specialized accounting book used to record all credit purchases of goods o...

Updated 1 month ago by Sanjay Bandaru

Purchases Book

Financial Accounting Unit 03 Subsidiary Books

The Purchase Book is a specialized accounting book used to record all credit purchases of goods o...

Updated 1 month ago by Sanjay Bandaru

Sales Return Book

Financial Accounting Unit 03 Subsidiary Books

The Sales Return Book, also known as the Return Inward Book, records the return of goods previous...

Updated 1 month ago by Sanjay Bandaru

Sales Book

Financial Accounting Unit 03 Subsidiary Books

The Sales Book is a specialized accounting book used to record all credit sales of goods. It only...

Updated 1 month ago by Sanjay Bandaru

Conceptual Introduction to Subsidiary Books

Financial Accounting Unit 03 Subsidiary Books

Subsidiary books are a set of specialized books used in accounting to manage and simplify the pro...

Updated 1 month ago by Sanjay Bandaru

Preparation of Balance Sheet of Sole Trading Concerns

Financial Accounting Unit 06 Final Accounts

A Balance Sheet is a financial statement that shows the financial position of a business at a spe...

Updated 1 month ago by Sanjay Bandaru

Preparation of Profit and Loss Account

Financial Accounting Unit 06 Final Accounts

A Profit and Loss Account (P&L Account) is a financial statement that shows a company’s net profi...

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Preparation of Trading Account

Financial Accounting Unit 06 Final Accounts

A Trading Account is an essential financial statement that helps calculate the Gross Profit or Gr...

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Accounting Entries for Rectification

Financial Accounting Unit 05 Rectification of Errors

In accounting, errors can occur at various stages, such as during journal entry, ledger posting, ...

Updated 1 month ago by Sanjay Bandaru

Process of Rectification

Financial Accounting Unit 05 Rectification of Errors

Rectification of financial accounts refers to the process of identifying and correcting errors or...

Updated 1 month ago by Sanjay Bandaru

Types of Errors

Financial Accounting Unit 05 Rectification of Errors

Errors in accounting are mistakes that occur during the process of recording, classifying, or sum...

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Need for Rectification of Errors

Financial Accounting Unit 05 Rectification of Errors

In accounting, errors may occur during the recording of financial transactions. These errors, if ...

Updated 1 month ago by Sanjay Bandaru

Preparation Of BRS Videos

Financial Accounting Unit 04 Bank Reconciliation

=== "Bank Reconciliation Statement Concept" === "Problem 1" === "Problem 2" === "Problem 3" T...

Updated 1 month ago by Sanjay Bandaru

Essentials of control

Management and Behavioural Process Unit 03 Controlling

The process of controlling is all about making sure things are going according to plan and making...

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Learning Organizational Culture

Management and Behavioural Process Unit 07 Group Dynamics and Culture

Introduction Learning organizational culture is a critical process for employees to understand ho...

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Threats to Group Effectiveness

Management and Behavioural Process Unit 07 Group Dynamics and Culture

When working in groups, several factors can threaten the effectiveness and productivity of the gr...

Updated 1 month ago by Sanjay Bandaru

Tuckmans Model

Management and Behavioural Process Unit 07 Group Dynamics and Culture

The Forming–Storming–Norming–Performing model of group development was proposed by Bruce Tuckman ...

Updated 1 month ago by Sanjay Bandaru

Organizational structure concepts and types

Management and Behavioural Process Unit 02 Planning and Organizing

Organizational structure is like the blueprint or plan for how a company or organization is set u...

Updated 1 month ago by Sanjay Bandaru