Performance Accounting

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There are many evidences of keeping records back in 3000 BC. But, systematic book keeping was only found sometimes in the 14 th Century. T...

The following are the characteristics of accounting: 1. In accounting system, only those transactions which are related to money are rec...

1.Importance to trading concern- Business is very competitive nowadays. Business cannot operate on sound basis for a long time until the fi...

The following are the principles of accounting: 1. Principle of business entity- In accounting every business organization is treated as ...

Following processes are followed in the accounting : 1. Identification of financial transactions: In accounting, only those transactions ...

Government Accounting- Government accounting is the accounting used by government offices to keep the record of revenue and expenditures of...