Category: Finance and Investments

Money in the form of finance and investments is jargon to most of us. Read our comprehensive guide for money management, finance, and investments.

Journal Entries in Accounting [Basics]

Journal Entries

Journal is one of the most important book of account, in which business transactions are recorded systematically. In layman’s term, we can say it is a book of daily records. When a businessman completes a business transaction, he records it in the rough or waste book in a short and summarized form. Then this business… Read More »

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… Read More »