Linkage Between Previous And Current Year Accounting. The continuous rotation of the accounting process is called the accounting cycle, and this rotation is rotated in a circle that’s why it …
Read moreHow Accounting Cycle Create Linkage Between Previous And Current Year?
Today we are going to learn everything about the single entry bookkeeping system in accounting. In this article we will learn: What is a single entry bookkeeping system? How to …
What is Debit? And what is Credit? There are two or more accounts in every transaction in accounting. One is Debit and another one is Credit. Now we try to …
What is the Accounting Cycle? Meaning or Definition of Accounting Cycle According to the going concern concept, it is expected that business will continue on forever. The accounting process starts …
What is the Accounting Equation? In a given time, the total assets should be equal to the sum of the liabilities and the equity of the owner. The equation that …
What are three (3) golden rules of accounting? The Three (3) Golden Rules of accounting are as follows Debit the Receiver, Credit the Giver Debit what Comes In and Credits …
What is the Double Entry System? The best method of accounting in the current competitive world is the Double Entry System. It is known as a scientific and complete accounting …
