Basics
Petty Cash Book
In every business organisation, there are a number of payments which involve small amounts e.g. payments for postage,…
August 16, 2021 · Boomi NathanAuthor: Boomi Nathan
J. BoomiNathan is a writer at SenseCentral who specializes in making tech easy to understand. He covers mobile apps, software, troubleshooting, and step-by-step tutorials designed for real people—not just experts. His articles blend clear explanations with practical tips so readers can solve problems faster and make smarter digital choices. He enjoys breaking down complicated tools into simple, usable steps.
Basics
Double Column Cash Book
This Cash Book has two amount columns one for cash and another for discount on each side. It…
August 16, 2021 · Boomi NathanBasics
Subsidiary Books Of Accounts
Introduction All business transactions, at the first stage, are recorded in the book of original entry i.e. Journal…
August 16, 2021 · Boomi NathanBasics
Trial Balance
In case, the various debit balances and the credit balances of the different accounts are taken down in…
August 16, 2021 · Boomi NathanBasics
Ledger Posting And Trial Balance
Introduction It has already been discussed in earlier lesson that accounting involves recording, classifying and summarising the financial…
August 16, 2021 · Boomi NathanBasics
Accounting Conventions
1. Convention of Materiality Materiality concept states that items of small significance need not be given strict theoretically…
August 16, 2021 · Boomi NathanBasics
Accounting Concepts
The more important accounting concepts are briefly described as follows: 1. Separate Business Entity Concept In accounting we…
August 16, 2021 · Boomi NathanBasics
Accounting Concepts And Conventions
Introduction Accounting is often called the language of business because the purpose of accounting is to communicate or…
August 16, 2021 · Boomi NathanBasics
Development Of Accounting Discipline
The history of accounting can be traced back to ancient times. According to some beliefs, the very art…
August 16, 2021 · Boomi NathanBasics
1000 Accounting Terminology’s
A A Misstatement is Inconsequential If a reasonable person would conclude after considering the possibility of further undetected…
August 16, 2021 · Boomi Nathan