Skip to main content

DMCA

 

DMCA

If we Have added some content that belong to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this wont be repeated in future. If you are rightful owner of the content used in our Website, Please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) at qha333@gmail.com


I assure you that, I will remove the infringing content Within 48 Hours.

Comments

Post a Comment

Popular posts from this blog

Distinction between Financial accounting and Cost and Management accounting

S.No Financial accounting Cost and Management accounting 1 It is primarily for external purpose It is primarily for internal purpose 2 It provides information about the financial performance and financial position of the business It provides information of ascertainment of cost to control cost and for decision making about the cost. 3 It classified records, presents and interprets transaction in terms of money It classifies, records, presents and interprets in a significant manner the material, labour and overheads cost 4 It shows the profit or loss of the organization It provides the details of cost and profit of each product, process etc 5 Financial statements are prepared for a definite period, usually a year Its reports and statements are prepared as and when required. ...
1 comment
Read more

Define Ledger. Also write down the list of “sub-division of Ledger”

The ledger is a book which contains a classified record of all similar transactions of the business, brought from the journal or from books of original entry. Note: the record kept in ledger is called “classified record” or “condensed record”. Types of ledger   Ledger accounts can be prepared in the following two ways: 1-       “T” accounts form/Traditional/Standard/Conventional form (British) 2-       Running Balance Form/Modern Form (American)   Different names of ledger Ø   Secondary book Ø   Book of final entry Note: ledger is King of all books of accounts. Sub-division of Ledger: 1.       Debtors’ Ledger or customers’ Ledger or sales Ledger. 2.       Creditors’ Ledger or Suppliers’ Ledger or purchase Ledger 3.       General Ledger or nominal Ledger.
Post a Comment
Read more

What is account? Traditional Classification of Account

What is Account? The term “Account” is a record in summarized and classified form of all business transactions that take place between particular person and things specified. Account is the root of accounting. Classification of accounts: To record a transaction in the books of account, the first thing to do is to ascertain which account is to be debited and which account is to credited. In order to ascertain this correctly, a clear idea about the different classes of accounts is essential. Accounts may be divided into the following classes. 1. Personal accounts: Accounts relating to persons or firms are called personal accounts personal accounts can take the following forms: i.                     Natural person’s accounts : for examples Ali’s, Aslam’s account etc ii.                   Artificial...
Post a Comment
Read more