Updated : Nov 21, 2018 in Finance Accounting

Financial Accounting With Double Entry Bookkeeping – Traditional Methods of Financial Accounting

In this series of articles it proposed to cover the following topics. In this article I have discussed the first one given below. More articles describing the other listed topics below may soon be published. Meaning of Bookkeeping Definition and objectives of Bookkeeping Accounting Systems Branches of Accounting Uses of…

Updated : Nov 07, 2018 in Finance Accounting

Accounting – Three Major Areas

There are three major functional areas in accounting, which need to be considered in modern day accounting for any business. The three are financial, cost and management accounting. The first area, namely financial accounting, is primarily useful for ascertaining the results of the business on a periodical basis; for example,…

Updated : Nov 03, 2018 in Finance Accounting

Tax Accounting

Accounting is the recording, interpretation and reporting of financial transactions. Each and every business must keep proper record of all such transactions. There are several branches of accounting such as financial accounting, managerial accounting and tax accounting. Whether your business is a sole proprietorship, partnership or corporation, business men must…