- Financial Accounting
Format of Journal in bookkeeping
Journal is also termed as the subsidiary book. Recording the transactions in the journal is termed as journalizing the entries.…
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Double Entry System of Book-Keeping
After understanding the theoretical base and concepts about bookkeeping and accountancy now we will start our journey to practical aspects…
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What is the accounting process?
By the time we have understood that accounting is the process of identifying, measuring, recording, classifying, summarising and analysis of…
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What are accounting estimates in financial accounting?
Accounting estimates: We have learned how to measure a transaction, which had already occurred or taken place and for which…
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What Are Valuation Principles in Accounting?
Valuation Valuation in accounting is essential to know the figure at which transactions to be recorded. It helps in the…
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What is the Concept of Measurement in Accounting
Measurement in accounting is an important aspect. All transactions and events are measured in terms of money. A measurement discipline…
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What are Accounting Standards | Learn Accounting Free
Accounting Standards (ASs) are the written statements of the code of practice of the regulatory accounting bodies that are to…
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Accrual Concept in the Financial Accounting
Accrual Concept As per this concept, the effect of transactions and other events are recognised as and when they occur…
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Dual Aspect Concept – The Foundation of Bookkeeping
Dual Aspect Concept is the core of the double-entry bookkeeping. This concept is the outcome of the entity concept. From…
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Accounting Concepts, Convention and Principles
Accounting Concepts, Convention and Principles Now we shall discuss these accounting principles, conventions and concepts in an elaborated manner as…
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