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Commerce and Management Sciences World

Commerce, Financial Accounting, Human Resource Management,, Cost Accounting, Principles of Business

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Difference Between Accountant and Auditor

March 10, 2014 By Salman Qureshi Leave a Comment

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. […]

Filed Under: Auditing Tagged With: accountant, Accountant vs Auditor, accounting, accounting coach, accounting explained, auditing, auditing notes, auditor, Difference between accountant and auditor, free accounting certificate, free accounting course, free auditing, free auditing course

Classification of Accounts

February 20, 2014 By Salman Qureshi Leave a Comment

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 […]

Filed Under: Financial Accounting Tagged With: accounting, accounting coach, accounting education, accounting nature, accounting online, accounting principles, accounts, Classification of Accounts, Different types of accounts, free accounting course, free comerce education, Impersonal Accounts, Natural person’s Account, Nature of Accounts, Nominal Accounts, Nominal or Proprietary Account, Personal Accounts, Real Accounts, Real or property Account

Cash Book -Three column cash book practice

February 16, 2014 By Salman Qureshi Leave a Comment

Cash Book -three column cash book practice          The following problem will help you to understand that how to maintain record in Three column cash book.          The cash book is very widely use in every business, it is important to understand that  how it is maintained in business concerns.     You may also […]

Filed Under: Financial Accounting Tagged With: accounting 101, accounting coach, accounting explained, accounting online, accounting simplefied, cash book practical example, Cash Book practice, Cash Book practice Problem, free accounting course, free comerce education, free commerce course, free management sciences education, Method of Recording cash Transaction in cash book, Three column cash book practical example

Basic Principles of Accounting

February 16, 2014 By Salman Qureshi Leave a Comment

Basic Principles of Accounting  Basic Principles of Accounting and Concepts are a set of broad conventions that have been devised to provide a basic framework for financial reporting. As financial reporting involves significant professional judgments by accountants, these concepts and principles ensure that the users of financial information are not mislead by the adoption of accounting policies and […]

Filed Under: Financial Accounting Tagged With: accounting certification, accounting online, accounting principle, basic accounting principles, bcom notes, financial accounting priciple, free accounting course, GAAP, generally acceoted accounting principles

What is CashBook & its format – Three column Cashbook

February 16, 2014 By Salman Qureshi Leave a Comment

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, only one book is used for recording of cash received and paid this book is called as cash book .Every page […]

Filed Under: Financial Accounting Tagged With: accounting coach, accounting explained, Cash Book, contra entry, free accounting course, free comerce education, free commerce course, free management sciences education, Method of Recording cash Transaction, payment, receipt, Single column cash book, standard format of cash book, Three column cash book, two column cash book

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Salman Qureshi is Researcher & passionate Blogger, he loves to write on Commerce & Management Sciences subjects to assist students, Hope you guys will like his effort.




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