Eco-02, “Ledger is said to be the principal book entry and the transactions...

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

two concepts of accounting , Explain any two concepts of accounting with e...

Explain any two concepts of accounting with examples

Accounting conventions, Accounting conventions The phrase 'convention' ...

Accounting conventions The phrase 'convention' is used to signify customs or ethnicity as a guide to the research of accounting statements. A variety of accounting conventions

Trial balance, List of things to include in a trial balance before adjustme...

List of things to include in a trial balance before adjustments

Actual operating Cost,

Recording, does immaterial items have to be recorded

does immaterial items have to be recorded

Seasonality in sales, Q. Seasonality in sales? Based upon its operating...

Q. Seasonality in sales? Based upon its operating record the company believes that its business is seasonal. Excluding the result of net sales, new store openings and earnings

Business entity concept, In accounting we create a distinction between busi...

In accounting we create a distinction between business and the owner. All the records are maintained from the viewpoint of the business, quite than from that of the owner. An enter

What is meaning of financial statements, Financial statements Summaries...

Financial statements Summaries of financial activities are known as financial statements that are prepared on a regular basis at the end of an accounting period. Accounting per

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need help for 1 question