Diminishing or Reducing Balance Method of Depreciation
Diminishing or Reducing Balance Method; Under this method, depreciation calculates at a certain percentage each year on the balance of … Continue Reading
Accounting Content
Accounting Content!
The Account is the art of conveying financial information about a business unit for shareholders and managers etc. Accountancy has call ‘business language’. In Hindi, the words ‘लेखा विधि’ (account law) and ‘लेखाकर्म’ (accounting) are also useful in ‘Accountancy’. Accounting Content, Financial, and Accountancy!
Also learn, Accountancy is a branch of mathematical science that is useful in finding out the reasons for success and failure in business. The principles of accountancy are applicable to business units on three divisions of practical arts, namely, accounting, bookkeeping, and auditing.
As Well as the definition “Accountancy refers to the art of writing business practices in a scientific manner and classifying articles and preparing summaries and interpreting the results.”
The functioning of Accountancy is to provide quantitative information regarding economic units, which are basically financially inadequate. Which is useful in taking financial decision-making, accountancy, identifying, and measuring. Analyzing information relevant to an economic event of an organization There is a process for doing and collecting. Which is used to prompt users of this information.
Explain Prevention with Techniques of Forensic Accounting
Forensic accounting is a branch of accounting that focuses on investigating the business and financial records to determine if fraud, … Continue Reading
Forensic Accounting: Definition, Concept, Need, and Practice
What is Forensic Accounting? The application of accounting skills to provide quantitative financial information about matters before the courts. This … Continue Reading
Centralized and Decentralized Purchasing: Meaning, Advantages, Disadvantages, and Difference
Learn the Concept of Centralized and Decentralized Purchasing; Organization of the purchase function will vary according to particular conditions and … Continue Reading
Process Costing: Meaning, Characteristics, and Objectives
Process Costing is a method of costing used to ascertain the cost of a product at each process or stage … Continue Reading
Single Costing: Meaning, Characteristics, and Objectives
The single Costing method of the ascertainment of the cost of production is suitable for those industries in which manufacturing … Continue Reading
How to the Classification of Cost according to 4 functions?
Classification of Cost according to 4 functions: This is a traditional classification. A business has to perform several functions like … Continue Reading
What is the Cost concepts in Cost accounting? Discussion
Top 17 Cost concepts in Cost accounting: They are; 1) Product and period costs, 2) Common and joint costs, 3) … Continue Reading
Techniques and methods of costing in Cost accounting
The techniques and methods of costing in Cost accounting are to explain their points one by one. First, Techniques of … Continue Reading
What is the importance of Cost accounting? Discussion
Importance of Cost accounting: Cost accounting is the accounting of the cost. It is made of two words-Cost and Accounting. … Continue Reading