Accounting is the process of recording all financial transactions of a business over its lifetime. It is one of the…
What is Management Accounting? Management accounting or managerial accounting is a special branch of accounting of presenting financial statements to…
What is Double Entry System of Accounting? The double-entry system is a method of accounting that records financial transactions in…
Capital is the overall financial resource that is invested by business owners either in the form of assets or money.…
Accrued expenses or accrued liability is an accounting term used for expenses that business bodies have already incurred but not…