Trading
Basic of insurance
Overview of insurance The insurance industry safeguards the assets of its policyholders by transferring risk from an individual or busines...
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Accounts
Bank Reconciliation Statement
It is a statement prepared to reconcile the difference between the balances, as per the bank column of the cash book and pass book on any gi...
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Accounts
Reconciliation Statements
Introduction Now-a-days, every business entity is having large number of financial transactions due to the dynamic economic environment. An ...
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notes
Journal Proper And Balancing The Accounts
journal proper meaning All those entries which cannot be recorded in any of the subsidiary books are recorded in the journal proper or ge...
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notes
Special Purpose/Other Subsidiary Books (Journals)
Special Purpose/Other Subsidiary Books (Journals) All cash transactions are recorded in the cash book but out of non-cash transactions...
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notes
Subsidiary Books - Meaning, Types, Advantage
The books which are prepared for specific and repetitive transactions are called special books or day books or special journals or subsidia...
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notes
Journal Book | Basic Accounting
The book in which the transactions are recorded on the basis of source documents/vouchers in chronological order for the first time is calle...
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notes
Books of Original Entry - Definition, Types & Components
Book of Original Entry A book of original entry is a book of record in which transactions are recorded as they occur on daily basis and in...
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notes
Accounting Process
Accounting Process: Introduction As and when any transaction or event takes place, it is recorded in the books of the business if it is exp...
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notes
International Financial Reporting Standards (IFRS)
Meaning of IFRS IFRS's are a set of Accounting Standards developed by IASB (International Accounting Standard Board) formerly known as I...
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