Financial Accounting 9 min read
Financial Accounting – Contract Account
Contracts are undertaken to customer’s requirements, which is generally of constructional. For example, construction of buildings, ships, Bridges, Roads, etc.…
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Financial Accounting 9 min read
Government Accounting
Government accounting is a scientific procedure of collecting, classifying, recording, summarizing, and interpreting all the financial transactions including revenues and…
Financial Accounting 4 min read
Financial Accounting – Capital and Revenue
One of the major aspects of preparing a correct financial statement is to distinguish revenue and capital in regard to…
Financial Accounting 8 min read
Financial Accounting – Insurance Claims
Every business entity keeps sufficient stock as per the need and size of its respective business for smooth running of…
Financial Accounting 3 min read
Financial Accounting – Co-Operative Societies
Any ten persons who are competent to contract may file an application to the Registrar of Co-operative Societies as per…
Financial Accounting 15 min read
Accounts of Private Individuals
Most of the private individuals never keep their accounts to record earned income or expenditure incurred by them. It is…
Financial Accounting 10 min read
Stock Exchange Transactions
Stock exchange is an organized market where sale and purchase of listed securities of all description i.e. shares, stocks, debentures,…
General Concepts 4 min read
Surface Preparation and bonding techniques
Surface preparation and bonding techniques have been discussed under the following three topics namely: 1. Backing, base or carrier material. 2. Bonding…
Financial Accounting 12 min read
Financial Accounting – Insolvency Accounts
Insolvency is a financial stringency i.e. when an individual or an organization/company is no longer capable to pay the debts…
Financial Accounting 6 min read
Financial Accounting – Investment Account
Anyone can buy and sell securities from a stock exchange with the purpose to increase his/her (monetary) assets. Sale and…
Financial Accounting 8 min read
Financial Accounting – Leasing
In the field of real estate, leasing is a popular term because it is advantageous to own land and building.…
Financial Accounting 9 min read
Financial Accounting – Single Entry
As we know, there are two systems of recording transactions in our books of accounts. In the previous chapters, we…
