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Commerce and Management Sciences World

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

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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

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

What is Cash Receipts Journal & Cash Payment Journal

February 16, 2014 By Salman Qureshi Leave a Comment

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 create business transactions first, like revenue items and expense items based on these transactions we will make postings in cash journal.   Method […]

Filed Under: Financial Accounting Tagged With: accounting coach, accounting explained, accounting online, cabook entries, Cash Book, cash book in accounting, Cash Journal, Cash Payment Journal, Cash Receipt Journal, free accounting course, free comerce education, free commerce course, free management sciences education, Method of Recording cash Transaction, standard form of cash journal

60+ Basic Accounting Terms Dictionary

February 13, 2014 By Salman Qureshi Leave a Comment

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 […]

Filed Under: Financial Accounting Tagged With: Account, Account Payable, Account Receivable, accounting, accounting online, accounting terms, Accrued, accrued income, Assets, Bad Debts, Balance, Balance Sheet, basic accounting terms, Basic Terminologies in Accounting, Basic Terminologies in Business, bill payable, bill receivable, Business, Cash Book, Cash Discount, Cash memo, cash purchase, cash sales, cash transaction, Commission, credit purchase, credit sale, credit transaction, Creditor, customer, Debtor, Drawings, enterprise, Equities, expenditure, Expense, Expenses, Financial Statements, free accounting course, free comerce education, free commerce course, free management sciences education, goods, Income, Income Statements, Inventory, inventory turnover, Invoice, Liabilities, List of Basic Accounting Terms, Loss, Merchandise, Notes Payable, Notes Receivable, organization, Outstanding, Owners Equity, paid in advance, payable, Prepaid, Profit, Proprietor, provision, Purchases, Reserve, Revenue, Sales, Single column cash book, Stock, stock in Trade, stock turnover, Three column cash book, Trade Discount, Transaction, Turnover, two column cash book, un expired expenses, Uncollectibles, unpaid, Voucher

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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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