Double Entry System of Book-Keeping
Double Entry system of Book-keeping requires record of both the aspects of a transaction into accounting books, one Dr. and the other Cr.
Recording of Transactions
Accountancy – Class 11
Accountancy Class 11 category has all the topics of the Accountancy syllabus of Class 11. All the topics have been explained in very easy manner.
Final Accounts of Sole Proprietor
Final Accounts of Sole Proprietor
The basic objective of preparing Financial Statements is to know about the profit or loss during the …
Final Accounts of Sole Proprietor
Final Accounts Formats
These are the formats for preparing Financial Statements for sole proprietor. The formats however …
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 1
Any information given outside the Trial Balance is called adjustment or additional information…
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 2
Any information given outside the Trial Balance is called adjustment or additional information.
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 3
All the adjustments given outside the Trial Balance should be treated at two places.
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 4
Every item appearing outside the Trial Balance should be treated at two places.
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 5
Sometimes the goods are purchased but in transit, such goods should be considered as …
Rectification of Errors
Types Of Accounting Errors
These are mistakes due to omission of entries in the subsidiary journals, omission of posting, omission of …
Rectification of Errors
Examples of Accounting Errors
(a) Credit sales to Dinesh ₹ 5,000 were posted to Karan as ₹ 500. (b) Credit purchases from …