WHAT IS MEAN BY BASES OF ACCOUNTING
Bases of Accounting: For recording financial transactions, there can be two broad approaches to accounting. These are: Cash Basis and Accrual Basis...
WHAT IS JOURNAL & LEDGER?
The business transactions are recorded in the books of accounts which are customarily divided into two classes (1) Journal and (2) Ledger. A Journal is a book in which transactions…
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)
Learning Inside: Introduction #Objective of IASB #Meaning of IFRS #Table of Accounting standards issued by the IASC #Table of IFRS Issued by the IASB #Assumptions in IFRS #IFRS Based Financial…
What is an ACCOUNTING STANDARD?
Learning Inside MEANING OF THE ACCOUNTING STANDARDS # NATURE OF ACCOUNTING STANDARDS # UTILITY OF ACCOUNTING STANDARDS # Let's dive into it.. The rise in diversity, complexity and globalisation of…
ACCOUNTING PRINCIPLES ACCOUNTING ASSUMPTIONS
Learning Inside: If you don't want to read the Whole Post on Accounting Principles So you Can Listen to the Recording followed below. Meaning and Natural of Accounting Principles #Feature…
BASIC ACCOUNTING TERMS
Learning Insight ⬇ Accounting Terms like: || Business Transactions # | Account # | Capital # | Drawings # | Liabilities (Internal, External, Long-term and Short-term) # | Assets (Tangible…
INTRODUCTION Of ACCOUNTING
"Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money; transactions and events which are, in part at least, of a financial character, and interpreting the results thereof."