[HDquiz quiz = “572”]
Difference Between Accountant and Auditor
Difference between Accountant and Auditor: Accountant: An accountant is a person who has knowledge of accounting and maintains the books of accounts of a company; he may or may not be a chartered accountant. An accountant is an employee receives salaries for his work. Auditor: Is a person who must be a chartered accountant. […]
Classification of Accounts
Classification of Accounts: The term Account is a record in summarized and classified form of all business transaction that take place between particular person or persons thing or things specified. For example: During a month we purchase goods for six times from usman. In order to know the total amount due to him we must […]
60+ Basic Accounting Terms Dictionary
What are the Basic Accounting Terms and its meaning: Basic Accounting Terms are very important for Accounting’s beginner to understand it. before starts learning to account one must read and learn all the terms to understand accounting well. Basic Accounting terminologies include all those important terms which are frequently used while studying financial accounting. These terms […]
Basic Functions of Accounting
Basic Functions of Accounting: Functions of Accounting involves the creation of financial records of business transactions, flows of finance, the process of creating wealth in an organization, and the financial position of a business at a particular moment in time. The progress & reputation of any business big or […]