27/12/2020
Person, Goods, Service
Person or Consumer Buys any goods for a consideration which has been paid or promised or partly paid and partly…
Read BBA, BMS, B.Com Syllabus wise Notes
Person or Consumer Buys any goods for a consideration which has been paid or promised or partly paid and partly…
Two very important aspects of a contract are the offer and the acceptance of the offer. However, in the practical…
The word Contract was derived from a Latin word Contractum. The word contractum means drawn together. The following are definition…
Receipts and Payments Account is a real account showing summary of all cash and bank transactions occurred during the accounting…
Income and Expenditure Account is a nominal account and includes only those items which are revenue in nature. Items which…
Even a non-profit organization maintains proper books of accounts. It aims to facilitate simple and convenient calculation of items of…
According to Sec. 454, within 21 days of the date of the winding-up order to the appointment of the official…
Statement of Affairs A statement of affairs is a document that shows the overall financial health of a business. It…
A single-entry system records each accounting transaction with a single entry to the accounting records, rather than the more common…
Single Entry System Single Entry System of Bookkeeping is the oldest method of maintaining financial records in which an entry…