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Knowledge in Finance and Accounting
What is Account ?
Definitions of AccountIn accounting, an account is a record in the general ledger that is used to sort and store transactions. For example, companies will have a Cash account in which to record every transaction that increases or decreases the company's cash. Another account, Sales, will collect all of the amounts from the sale of merchandise. Most accounting systems require that every transaction will affect two or more accounts. For example, a cash sale will increase the Cash account and will increase the Sales account.The term account is also used in transactions where suppliers sell goods to customers and grant credit terms such as net 10 days. In those situations, a supplier is selling goods on account and the customer has purchased goods on account. The supplier has also increased the balance in it's current asset account entitled Accounts Receivable and the customer will increase the balance in its current liability account entitled Accounts Payable.
shikha thakur
FINANCIAL CREDITS
these notes are very valuable for competitive exams
Alfahad Farooqi
Nature of management accounting
Nature of management accounting . Its types and application .
Aptitude Mantra
Marginal Costing In Financial Subject
Marginal Costing is financial subject which help in marketing purposes to grow up there business accounting in third value related to final product
Aman Tripathi
Standard Costing In CMA Based on Finance
Standard Costing In Financial based topic with products in which the price may veries account request is verify the product create final amount requested to receive
Ledger Account Sheet By Aman
Ledger is that account in which whole expenditure is recorded for creating a balance sheet final for payment processing ledger can be created on the basics of profit loss , liabilities and assets
Revision Financial Accounting Notes
Revision of Financial Business Anyalsis that which have over all rights to know the balance sheet final list
Journal Material In Financial Accounting
Journal is that which have profit and loss analysis which have different forms our profit will increase than the earnings will more
Introduction To Finance Account
Introduction is that whole summary in short can be know to us by observing the expenditure and revenue from each other
Accounts and its notes
This pdf contains important notes based on ACCOUNTS and its related topic
mena gupta
Financial accounting
How the finance can be moved and how it is used in the banks and in accounting system. So that it may help in many ways to the financier in their accounts problem. Thus for every finance their is some account behind the customer
Kandasamy Vilasini
Issue of shares by a company
Issue of share and various calls made by the company for getting the money.
Heena Gupta