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
Basics
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 NathanBasics
What is Payroll Accounting?
Payroll accounting is simply recording the payroll expenses of a business into the general ledger. Payroll accounting involves…
August 16, 2021 · Boomi Nathan