Category: Finance and Investments

Finance and investments are jargon to most of us. Read our comprehensive guide for business finance and investments.

Classification of Accounts: Personal & Real & Nominal

Classification of Accounts: Personal & Real & Nominal

An account is a list of business transactions falling under the same description for a given period of time. A systematic and summarized record of business transactions with respect to person, property, loss, gain, income, expense is known as account. An account is generally prepared for one complete year. The word Account in abbreviation, can […]

Three Golden Rules of Accounting with Examples

Three Golden Rules of Accounting

In the commerce and finance field to create and pass the journal entries one must have the knowledge of accounting rules, those accounting rules are known as Three Golden Rules of Accounting, in short, Golden Rules of Accounting. Such rules are also known as three golden rules of commerce, three golden rules of finance, and […]