Basics 1 min read
Dual Aspect Concept
There must be a double entry to complete any financial transaction, means debit should be always equal to credit. Hence,…
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Basics 1 min read
Cost Concept
It is a very important concept based on the Going Concern Concept. We book the value of assets on the…
Basics 1 min read
Going Concern Concept
Our accounting is based on the assumption that a business unit is a going concern. We record all the financial…
Basics 1 min read
Money Measurement Concept
According to this concept, “we can book only those transactions in our accounting record which can be measured in monetary…
Basics 1 min read
Business Entity Concept
According to this concept, the business and the owner of the business are two different entities. In other words, I…
Basics 3 min read
Accounting – Process
Accounting cycle refers to the specific tasks involved in completing an accounting process. The length of an accounting cycle can…
Basics 2 min read
Objectives and Scope of Accounting
Let us go through the main objectives of Accounting: ● To keep systematic records – Accounting is done to keep systematic record of…
Basics 2 min read
Golden Rules of Accounting
The Problem with Debit Credit Rules The system of debit and credit is right at the foundation of double entry…
Basics 3 min read
Accounting – Overview
Accounting has been hailed by many as the “language of business”. There are many quotations like “A pen is mightier…
Java Programming 6 min read
Java – Documentation Comments
The Java language supports three types of comments − Sr.No. Comment & Description 1 /* text */The compiler ignores everything…