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Financial Accounting

What is Social Accounting? A complete Guide of Explanation

What is Social Accounting? Social Accounting is a first and primary accounting. Similar to traditional accounting, it is a method of calculating a company’s performance. Only with social accounting, performance is used generally...

Step by Step Guide on How to Become an Accountant

How to Become an Accountant Accountants are required all year round. You will enjoy the fact that many companies that require the services of an accountant. The money will not be a problem as...

Accounting Journal Entries Examples

Accounting Journal Entries Examples The first step in accounting is to record the entries in journal book.           Before going to explain how these Journal Entries are passed you must read Debit and...

What is CashBook & its format – Three column Cashbook

What is Cashbook: A book in which receipts and payments of money are record,using debit and credit rules. CashBook:            In small business where only one person is employed for receipt and payments of cash,...

Functions of Management: Top 6 Functions

This article throws light upon the six important functions of management. The functions are: 1. Planning 2. Staffing 3. Coordination 4. Organising 5. Direction 6. Control. Functions of Management:Function # 1....
cash receipt journal

What is Cash Receipts Journal & Cash Payment Journal

What is Cash Journal: Cash journal is used for transactions which are petty in nature. (petty cash book). For maintaining petty expenses cash journal transactions are recorded. In cash journal, we need to...

What are the Main Branches of Accounting?

Branches of accounting mean that the types associate with accounting, we say that fields of accounting are the branches of accounting. Some of the main branches of accounting are explained as under.   Main Branches of Accounting 1.Financial Accounting:                 This ...