Subsidiary Journals
The journal is subdivided into a number of books of original entry, on the basis of similarity of transactions…
Recording of Transactions
Accountancy
Accountancy category includes posts relating to Accountancy of Class 11 and Class 12.
Recording of Transactions
Types of Cash Book
Cash book is a book generally made on monthly basis, in which all cash transactions i.e. cash receipts…
Recording of Transactions
Cash Book Entries | 36 Cash Book Transactions
Here is the summary of basic cash transactions, to be entered in Cash book, for a ready reference…
Recording of Transactions
Petty Cash Book
Petty cash book is used to record small receipts and payments, separately from regular cash book…
Recording of Transactions
Journal Proper
The transactions which cannot be recorded in any of the above-mentioned subsidiary journals…
Accountancy - Class 11, Theory Base of Accounting
Accounting Principles and Concepts
The theory base of accounting includes principles, concepts, rules and guidelines developed which are necessary…
Introduction to Accounting
Accounting Process
Accounting Process starts with the transactions recorded in Journal, passing through ledger ,converted into Financial Statements serving the different interested parties.
Fundamentals of Partnership Accounting
Past Adjustments in Partnership Accounts
After preparing the Capital accounts of the partners it is sometimes discovered that there is some …
Fundamentals of Partnership Accounting
Capital Ratio – Ratio of Effective Capitals
Sometimes the Profit-sharing ratio is based on partners’ capitals which keep on changing with …
Fundamentals of Partnership Accounting
Interest on Partner’s Loan to the Firm
For the purpose of recording the amount lent by any partner to the firm over and above …