Trial Balance: Meaning, Objectives, Advantages, and Limitations
Understand the concept of Trial Balance [In Hindi]. Learn about its meaning, definition, objectives, advantages, methods, and limitations. It is … Continue Reading
Accounting
Accounting is the systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It involves tracking income, expenses, assets, and liabilities to produce financial statements (e.g., balance sheets, income statements), ensuring accuracy, compliance with laws, and transparency.
Accounting helps stakeholders—such as owners, investors, and regulators—understand financial health, make informed decisions, and plan strategically. Key branches include financial, managerial, and tax accounting. By standardizing financial data, accounting supports accountability, efficiency, and legal integrity. Forming the backbone of economic systems and business operations worldwide.
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
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
What is Accounting concepts? their 9 Concepts explanation
Accounting concepts; Accounting is the language of business. Business firms communicate their affairs and financial positions to the outsiders through … Continue Reading
Utility of Accounting: Types, Explain with Understand
Types and utility of Accounting; This article in we discuss first the utility of accounting after that we will finally … Continue Reading
Introduction to Exit Value Accounting, Meaning, and Definition
Introduction of Exit Value Accounting; Exit value accounting is a form of current cost accounting which is based on valuing … Continue Reading