Blog about Management Studies
BANK RECONCILIATION STATEMENT INTRODUCTION:- Bank Reconciliation Statement means a statement indicating the reasons or causes of non- matching the balance given in pass book & bank book. Generally BRS is prepared by bank or...
ACCOUNTING CONCEPTS:- Accounting concepts means & includes necessary assumptions or ideas which are used to accounting practice & preparation of financial statements. The following are the important accounting concepts: Business Entity Concept: –...
MEANING OF FINANCIAL ACCOUNTING: Accounting has rightly been termed as the language of the business. The basic function of a language is to serve as a means of communication. Accounting also serves this...
Meaning of working capital:- Working capital can be defined in simple words as, that part of the total capital, which is required for daily working of the business. It is the capital, which is...
