Need for Subdivision of Journal in Accounting

Journal Book Subdivision is Required in Accounting process for maintaining special journals according to nature of transactions instead of one journal.

What is Cash Book in Accounting (with Diagram)

The Cash Book is defined as the book in which a person writes or enters the sums of money received and paid by him.

3 Stages of Operating Petty Cash Fund

Operating petty cash fund contains there stages – (1) Fund creation (2) Making payments from funds & (3) Replenishing the fund.

History and Evolution of Accounting as a Field

Since the beginning of human civilization accounting practice had been going on and its forward march will continue.

Need for Notes to Financial Statements

Notes to the financial statements of a company are shown in three groups. These are structural, adopted principles, other related affairs.

Six Principle Constraints of Accounting

Constraints of accounting are actually the limit or boundaries that are necessary for providing information with the qualitative in characteristics.

How Merchandise Inventory is Treated in Different Businesses

Merchandise inventories are finished goods acquired for sale by retail or wholesale traders.

Types of Adjusting Entries in Accounting Process

Adjusting Entries Journal of Accounting Process are divided in 2 broad types, required for reporting correctness of financial position of business.