Many small, simple business maintain the books of accounts under Single entry system that records bare essentials. In some cases only records of cash, accounts receivable, accounts payable and taxes paid...
Dependent Branch: A branch which is dependent upon Head Office mainly for “Goods and Cash”. Books of accounts relating to such branch also will be maintained by Head Office. Features of Dependent...
Bookkeeping involves the systematic recording, storing, and retrieving of financial transactions. It's more about data entry and maintaining accurate financial records. Accountancy encompasses a broader...
Accounting is part and parcel of our daily life. We are indulging in accounting activities in our everyday life. But we are unaware of it. For example, we go for marketing with say Rs. 1000/-. We buy different...