August 2018

Accounting Ratios and Formulas: The Basics You Need to Know

Ratio can be defined as the relationship that exists between two figures. Accounting ratios are used in the interpretation of financia...

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Manufacturing Accounting System

Manufacturing of goods is the transformation of raw materials into finished or semi finished goods. Some firms have to manufacture their ...

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Commonly Used Accounting Acronyms And Abbreviations

These are some of the commonly used acronyms and abbreviations in the accounting profession. They are arranged in alphabetical order. A...

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Meaning Of GAAP Accounting Principles

Generally accepted accounting principles (GAAP) can be defined as a common set of accounting principles, standards and procedures that ...

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What Are The Principles Of Accounting?

Accounting principles are the rules and guidelines that companies must follow when reporting financial data or information. To underst...

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Corporate Fixed Deposits And Bank Fixed Deposits

Fixed deposits is a saving instrument. they earn the investor a higher rate of interest than a regular savings account. It is a term dep...

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Meaning Of Segregation Of Duties

The segregation of duties concept disallows the assignment of responsibility to one person for the acquisition of assets, their custody,...

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All You Need To Know About International Accounting Standards (IAS)

International Accounting Standards approved how various accounting transactions were to be recorded, presented and reported in an organ...

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Errors That Are Not Revealed By Trial Balance

The Trial Balance does not show accuracy in ledger account, is not absolute proof of the accuracy. It is just a proof only of the arithme...

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Trial Balance: Rules, Uses and Nature Of Trial Balance

Trial balance can be defined as the schedule or list that shows the debit and credit balances which are extracted from the ledgers, to ...

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Regulation of Financial Market

Financial market regulation can be defined as a framework of rules, laws and principles which guide the operation of the Capital market ...

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Meaning Of Data Processing In Accounting

Data in accounting is the term used to describe the basic fads introduced as the input to a system e.g rate of pay and hours worked by a...

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