Monthly Archive: August 2015

BANK RECONCILIATION STATEMENT

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 & Conventions

  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: –...

Financial Accounting (part I :-Functions)

  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...

Working Capital

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...