8 Importance of Management Accounting
Importance of Management accounting can be well-understood as given below:- Importance of Management Accounting Helps in Making Plans Management accounting …
Accountancy
8 Limitations of Management Accounting
Various limitations of management account are as given in points:- Limitations of Management Accounting Dependent on cost and financial accounting Management …
Types of Accounting Information systems used in business
Meaning of Accounting Information systems Accounting information systems are structure designed for gathering, storing, managing, and processing financial data. This …
Read moreTypes of Accounting Information systems used in business
Categories of Cash Flow Statement
Meaning of Cash Flow Statement A balance sheet is a snapshot view of the status of a firm’s funds at …
11 Features and Characteristics of Partnership Firm
Meaning of Partnership Firm According to Indian partnership act, 1932“Partnership is the relation between person who have agreed to share …
Read more11 Features and Characteristics of Partnership Firm
6 Features of Accounting Principles
Meaning of Accounting Principles According to American Institute of Certified Public Accountants “Principles of accounting are the general law or …
4 Qualitative Characteristics of Accounting Information
Meaning of Accounting Information Accounting information is the collective data of business transactions. It provides the data for analysis to …
Read more4 Qualitative Characteristics of Accounting Information
12 Advantages and Disadvantages of Single Entry System
Meaning of Single Entry System Single Entry System may be defined as an incomplete account recording system. Under this system, …
Read more12 Advantages and Disadvantages of Single Entry System
Advantages and Disadvantages of Accounting
Concept of Accounting American Institute of Certified Public Accountants (AICPA) defines accounting as: Accounting is the art of recording, classifying, …
Advantages and Disadvantages of Double Entry System
Meaning of Double Entry System Double entry is a system of accounting in which both debit and credit aspects of …
Read moreAdvantages and Disadvantages of Double Entry System