Accounting, Banking & FinanceNeed For Branch AccountingApril 11, 20159 CommentsA branch is defined as a section of an enterprise which is geographically separated,controlled by a head office and carrying…
Accounting, Banking & FinanceThe Business Entity ConceptApril 11, 201513 CommentsAccording to the business entity concept,an enterprise and its owner are two separate entities for accounting purposes.For instance,when the owner…
Accounting, Banking & FinanceBank Reconciliation StatementMarch 27, 201511 CommentsBank reconciliation statement is a statement which reconciles the bank balance as per cash book with the balance as per…
Accounting, Banking & FinanceInventory SystemsMarch 13, 201512 CommentsThere are two system through which records of quantity and value of inventory- in-hand can be maintained which are as…
Accounting, Banking & FinanceThe Dual Aspect ConceptMarch 12, 201512 CommentsThe dual aspect concept emphasis that every transaction has a two fold effect and it is expressed in the form…
Accounting, Banking & FinanceAccounting For Internal ReconstructionMarch 10, 20157 CommentsInternal reconstruction is basically concerned with the complete overhauling of financial position of a firm.The main purpose is to improve…
Accounting, Banking & FinanceCapital Market and Money Market in IndiaMarch 10, 201510 CommentsCapital Market and Money Market in India; pillars of economic development Growth of GDP and foreign trade are the main…
Accounting, Banking & FinanceThe Going Concern ConceptMarch 6, 20158 Comments The going concern concept is also known as concept of continuity.It is one of the concept which is considered…
Accounting, Banking & FinanceConcept Of Joint VentureMarch 6, 20157 CommentsA joint venture is a kind of temporary trading relationship between two or more parties who undertake jointly to carry…
Accounting, Banking & FinanceBases Of AccountingFebruary 27, 20154 CommentsWhat are the Bases Of Accounting? A basic purpose of accounting is to find out the profit earned or loss…