Ledger (Certificate Course – Foundation)

Ledger (Certificate Course – Foundation)

The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals. Each month all journals are totaled and posted to the General Ledger. The purpose of the General Ledger is therefore to organize and summarize...
Journal Entries (Certificate Course – Foundation)

Journal Entries (Certificate Course – Foundation)

MEANING OF JOURNAL – DEFINITION It is a daily record of all the business transactions.It is book of original entry or prime entry. UTILITY OF JOURNAL – DEFINITION It provides a complete transaction’s record at one place.It provides a quick reference...
Depreciation (Certificate Course – Foundation)

Depreciation (Certificate Course – Foundation)

In accounting terms, depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery etc…...
Cash Book (Certificate Course – Foundation)

Cash Book (Certificate Course – Foundation)

A cash book is a financial newspaper which includes all cash receipts and disbursements, including bank deposits and withdrawals. After that, entries in the cash book are added to the general ledger. Bank plays an important role in providing various services to...
Ledger (Certificate Course – Foundation)

Ledger (Certificate Course – BK&A)

The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals. Each month all journals are totaled and posted to the General Ledger. The purpose of the General Ledger is therefore to organize and summarize...
Journal Entries (Certificate Course – Foundation)

Journal Entries (Certificate Course – BK&A)

MEANING OF JOURNAL – DEFINITION It is a daily record of all the business transactions.It is book of original entry or prime entry. UTILITY OF JOURNAL – DEFINITION It provides a complete transaction’s record at one place.It provides a quick reference...
Final Account Of Partnership Firm (Certificate Course – BK&A)

Final Account Of Partnership Firm (Certificate Course – BK&A)

Final accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These...
Dissolution Of Partnership (Certificate Course – BK&A)

Dissolution Of Partnership (Certificate Course – BK&A)

Dissolution means to wind up or to close down. When business relations among the partners in a partnership firm comes to an end, it is known as Dissolution of Partnership. When one/more partner take decision to close the partnership firm, it is known as Dissolution of...
Depreciation (Certificate Course – Foundation)

Depreciation (Certificate Course – BK&A)

In accounting terms, depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery etc…...
Cash Book (Certificate Course – Foundation)

Cash Book (Certificate Course – BK&A)

A cash book is a financial newspaper which includes all cash receipts and disbursements, including bank deposits and withdrawals. After that, entries in the cash book are added to the general ledger. Bank plays an important role in providing various services to...
Bills Of Exchange (Certificate Course – BK&A)

Bills Of Exchange (Certificate Course – BK&A)

A bill of exchange is a written order binding one party to pay a fixed sum of money to another party on demand or at some point in the future. A bill of exchange often includes three parties—the drawee is the party that pays the sum, the payee receives that sum, and...
Admission of Partnership (Certificate Course – BK&A)

Admission of Partnership (Certificate Course – BK&A)

The reconstitution /Admission of partnership primarily involves change in the form of partnership. There is change in agreement among the partners which leads to change in the relationship between the partners and change in share of the profit/losses of the partners...
Ledger (Certificate Course – Foundation)

Ledger (Certificate Course – Basic Accountancy)

The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals. Each month all journals are totaled and posted to the General Ledger. The purpose of the General Ledger is therefore to organize and summarize...
Journal Entries (Certificate Course – Foundation)

Journal Entries (Certificate Course – Basic Accountancy)

MEANING OF JOURNAL – DEFINITION It is a daily record of all the business transactions.It is book of original entry or prime entry. UTILITY OF JOURNAL – DEFINITION It provides a complete transaction’s record at one place.It provides a quick reference...
Cash Book (Certificate Course – Foundation)

Cash Book (Certificate Course – Basic Accountancy)

A cash book is a financial newspaper which includes all cash receipts and disbursements, including bank deposits and withdrawals. After that, entries in the cash book are added to the general ledger. Bank plays an important role in providing various services to...
Single Entry (MSB – Commerce Std. XI)

Single Entry (MSB – Commerce Std. XI)

A single entry system of accounting is a form of bookkeeping in which each of a company’s financial transactions are recorded as a single entry in a log. This process does not require formal training and is usually used by new small businesses because of its...
Ledger (Certificate Course – Foundation)

Ledger (MSB – Commerce Std. XI)

The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals. Each month all journals are totaled and posted to the General Ledger. The purpose of the General Ledger is therefore to organize and summarize...
Journal Entries (Certificate Course – Foundation)

Journal Entries (MSB – Commerce Std. XI)

MEANING OF JOURNAL – DEFINITION It is a daily record of all the business transactions.It is book of original entry or prime entry. UTILITY OF JOURNAL – DEFINITION It provides a complete transaction’s record at one place.It provides a quick reference...
Depreciation (Certificate Course – Foundation)

Depreciation (MSB – Commerce Std. XI)

In accounting terms, depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery etc…...
Cash Book (Certificate Course – Foundation)

Cash Book (MSB – Commerce Std. XI)

A cash book is a financial newspaper which includes all cash receipts and disbursements, including bank deposits and withdrawals. After that, entries in the cash book are added to the general ledger. Bank plays an important role in providing various services to...
Bank Reconciliation Statement (MSB – Commerce Std. XI)

Bank Reconciliation Statement (MSB – Commerce Std. XI)

Understanding the Bank Reconciliation Statement Bank reconciliation statements ensure payments have been processed and cash collections have been deposited into the bank. The reconciliation statement helps identify differences between the bank balance and book...
Issue Of Shares (MSB – Commerce Std. XII)

Issue Of Shares (MSB – Commerce Std. XII)

In simple words, a share indicates a unit of ownership of the particular company. If you are a shareholder of a company, it implies that you as an investor, hold a percentage of ownership of the issuing company. As a shareholder you stand to benefit in the event of...
Final Account Of Partnership Firm (Certificate Course – BK&A)

Final Account Of Partnership Firm (MSB – Commerce Std. XII)

Final accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These...