Accounting is an art and science dealing with Numbers, which have monetary value. Numbers or Financial Data are recorded in a chronological order, and the beauty of Accounting is presenting the data in a systematic layout and form that is meaningful and useful to the business management. Various Reports like Journal, Ledgers, Cash Books, Sales […]
Accounting work is based on recording of financial transactions in a chronological order on a day-to-day basis. From the recorded data, various reports are generated and presented. In order to have a meaningful reporting format, specific timelines are specified which are referred to as “ Accounting Cycles “. From the Process perspective, the same term […]
Change is an inevitable part of growing organisms and organizations. The old Oxford English Dictionary defines an Accountant as “ a person whose job is to keep or inspect financial accounts “. The New Digital edition Collins English Dictionary defines an Accountant as “ a person concerned with the maintenance and audit of business accounts […]
A business owner feels satisfied when his business is soaring to great heights, with growth curves showing exponential rates. While an enterprise could have its own business swings, it is imperative to have sound Accounting practices at the core of the business operation.
