JOURNAL
JOURNAL Introduction: –As the transactions are recorded in the Journal first, it is also known as Book of Original Entry or Book of Prime Entry or Subsidiary Books or Journal. Business...
Author: Roopa K
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...
Capital Structure
MEANING OF CAPITAL STRUCTURE:- Amount of capital and funds is invested in two types of business assets i.e. fixed asset and current asset. To raise the necessary amount of funds, total requirement of fund...
Ratio Analysis
Ratio analysis and the nature of ratio analysis. •Introduction:- The analysis of the financial statements & interpretations of financial results of a particular period of operations with the help of ‘ratio’ is termed as...
Depreciation
• Meaning of Depreciation:– The term refers to fall in the value or utility of fixed assets which are used in operations over the definite period of years. In other words, depreciation is the...
Management Accounting
• MEANING OF MANAGEMENT ACCOUNTING:- Management Accounting is the accounting which provides in non-technical language accounting, cost profit & other information necessary to the management for discharging its functions. Management accounting covers all those...
