What is the Accounting Cycle

What is the accounting cycle

What is the accounting cycle? Understanding the accounting cycle is essential for a business man to make his business successful. In today’s post, I will tell you what is the accounting cycle , what are the phases of the accounting cycle , at what time the accounting cycle happens, how it works and how it … Read more

Calculation of interest on withdrawal

MEANING OF ACCOUNTING

Calculation of interest on withdrawal:- How is interest on withdrawal calculated and at what rate interest is paid on the partner’s loan? This is what you will know in today’s post. How is interest calculated on withdrawal If a partner withdraws a certain amount at the beginning of every month and the amount of withdrawal … Read more

Dissolution of Partnership Firm

Dissolution of partnership firm

There are many types of activities in a business. A partnership firm is also a type of business, but most people are very confused about the dissolution or dissolution of a partnership firm, so in today’s new article, all the doubts and concepts related to the dissolution of a partnership firm have been easily defined. … Read more

Accounting Process

Accounting Process

What are accounting procedures? Accounting Process Accounting is used by most traders today. In such a situation, accounting has to go through various processes. The process of accounting is very essential for a businessman and auditor. Before knowing the process of accounting, you should have a clear knowledge of accounting. What is the process of … Read more

MEANING OF ACCOUNTING

MEANING OF ACCOUNTING

meaning of accounting:- The Committee on Terminology set up by the American Institute of Certified Public Accountants formulated the following definition of accounting in 1961: “Accounting is the art of recording, classifying, and summarising in a significant manner and in terms of money, transactions, and events which are, in part at least, of a financial … Read more