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Nature of Accounting
Accounting, at its core, is a function that aims to accumulate and communicate information essent...
Generally Accepted Accounting Principles
GAAP (Generally Accepted Accounting Principles) is a comprehensive set of accounting rules and p...
Accounting conventions
Accounting conventions denote customs or traditions that are used as a guide in the preparation o...
Three Column Cash Book
A Three Column Cash Book is an extension of the double column cash book, with an additional bank ...
Purchase Return Book
The Purchase Book is a specialized accounting book used to record all credit purchases of goods o...
Purchases Book
The Purchase Book is a specialized accounting book used to record all credit purchases of goods o...
Sales Return Book
The Sales Return Book, also known as the Return Inward Book, records the return of goods previous...
Sales Book
The Sales Book is a specialized accounting book used to record all credit sales of goods. It only...
Conceptual Introduction to Subsidiary Books
Subsidiary books are a set of specialized books used in accounting to manage and simplify the pro...
Preparation of Balance Sheet of Sole Trading Concerns
A Balance Sheet is a financial statement that shows the financial position of a business at a spe...
Preparation of Profit and Loss Account
A Profit and Loss Account (P&L Account) is a financial statement that shows a company’s net profi...
Preparation of Trading Account
A Trading Account is an essential financial statement that helps calculate the Gross Profit or Gr...
Accounting Entries for Rectification
In accounting, errors can occur at various stages, such as during journal entry, ledger posting, ...
Process of Rectification
Rectification of financial accounts refers to the process of identifying and correcting errors or...
Types of Errors
Errors in accounting are mistakes that occur during the process of recording, classifying, or sum...
Need for Rectification of Errors
In accounting, errors may occur during the recording of financial transactions. These errors, if ...
Preparation Of BRS Videos
=== "Bank Reconciliation Statement Concept" === "Problem 1" === "Problem 2" === "Problem 3" T...
Essentials of control
The process of controlling is all about making sure things are going according to plan and making...
Learning Organizational Culture
Introduction Learning organizational culture is a critical process for employees to understand ho...
Threats to Group Effectiveness
When working in groups, several factors can threaten the effectiveness and productivity of the gr...