Latest Accounting Basics News
Analysis and Treatment of Transactions
Let us go through the nature of transactions and their treatment in…
Financial Accounting – Journal
“The process of recording a transaction in a journal is called journalizing…
Accounting – Classification of Accounts
It is necessary to know the classification of accounts and their treatment…
Convention of Materiality
If the disclosure or non-disclosure of an information might influence the decision…
Convention of Disclosure
The Companies Act, 1956, prescribed a format in which financial statements must…
Convention of Consistency
To compare the results of different years, it is necessary that accounting…
