7 Different Types of Journal Book

There are 7 different types of journal books maintained for convenient keeping of accounts and recording transactions of same nature.

What are the Functions of Accounting Practice

Functions of Accounting are identification, recording, classification and summarization of transactions.

Three Types of Discount in Accounting

Three types of discount are trade discount, quantity discount, and cash discount that are used in business, trade, and sales of all kinds.

Accounting is a Complete Internal Control System

The internal control structure of a company consists of the policies and procedures established to provide reasonable assurance that specific entity objectives will be achieved.

Objectives of Cash Flow Statement in Accounting

Primary objective of cash flow statement is to help management taking decision by providing present information of cash inflow and outflow.

What is Worksheet: Types of Accounting Worksheet

Worksheet is a multiple column form used in preparing and adjusting financial statement and there are 3 types of worksheet.

How the Image of Accounting is Prevailed

The uses, acceptability, application, advantages and social position of Accounting have increased to the credit of the image of Accounting.

GAAP for Accounting Rules, Principles, Assumptions

GAAP are rules of action which are derived from experience and practice and they prove useful and become Generally Accepted Accounting Principles.