Fundamentals of Accounting 1st Semester BU BBA SEP Notes
Fundamentals of Accounting 1st Semester BU BBA SEP Notes
Read BBA, BMS, B.Com Syllabus wise Notes
Fundamentals of Accounting 1st Semester BU BBA SEP Notes
Bank Reconciliation Statement (BRS) is a document that helps reconcile the differences between the bank balance as per the bank…
Cash book and the passbook serve as essential tools for managing a business’s cash transactions. The cash book is maintained…
Bank Reconciliation is a critical accounting task that businesses undertake to ensure that the cash records in their books match…
Drawings refer to the amount of money or value of assets withdrawn by the owner or a partner of the…
Outstanding income and income received in advance are two concepts that pertain to the accrual basis of accounting, where revenues…
Prepaid expenses refer to payments made in advance for goods or services that a company expects to receive in the…
Outstanding expenses are part of the accrual basis of accounting, which ensures that expenses are recognized when they are incurred…
Balance Sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point in…
Statement of Profit and Loss for a proprietary concern provides a summary of the financial performance over a specific period,…