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Basics of Accounting_Chapter-1

Rahul Kumar Pugalia

05/08/2019 0 0

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Accounting Cycle

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What are Reserves & Provisions? Lets understand in detail-

Provisions:There are some expenses and losses which are specific to incur, but their amount cannot be known with certainty as they are not yet incurred. It is necessary to make provision for such certain...

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3 GOLDEN RULES OF ACCOUNTING

ACCOUNTANCY- 3 GOLDEN RULES PERSONAL AC DEBIT the RECEIVER CREDIT the GIVER REAL AC DEBIT what COMES IN CREDIT what GOES OUT NOMINAL AC DEBIT all EXPENSES AND LOSSES CREDIT all INCOME AND GAINS

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Financial Accounting

Accounting is the art of recording, classifying, summarising in a significant manner regarding money, transaction & events which are at least in part financial interpreting the result thereof. (AICPA...

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