Accounting is a process of identifying, measuring and communicating economic information to permit informed judgments and decision by the users of accounts.
Accrued expenses is an expense which is due but not paid during current accounting period.Read more.
Accounting Period – Reporting period
Accounting Period means, one accounting cycle in which any business maintains their records; and performance get reviewed and reportedRead more.
The standards and set guidelines to perform accounting activities is called as Accounting Concepts or Accounting Conventions. Accounting concepts areRead more.
Accountancy is an act of accountant, who does accounting (after Book Keeping) which involves Recording, Classifying & Summarizing business activitiesRead more.
Zero balance means account have zero balanceRead more.
Recording business activities systematically which can be communicated effectively OR It’s a technique of recording, classifying and summarizing business activitiesRead more.
We all love Accounting!Read more.