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…
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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,…
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…
Financial Accounting 10 min read
Financial Accounting – Non-Trading Accounts
Some of the organizations or institutions are constituted to provide valuable services to the society with the objective not to…
Financial Accounting 8 min read
Financial Accounting – Joint Venture
An association of two or more persons or we may say temporary partnership combined for the carrying out a specific…
Financial Accounting 5 min read
Financial Accounting – Rectification of Errors
Financial accounting deals with recording and maintaining every monetary transaction of an organization. However, sometimes, a few entries might be…