Bookkeeping
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Double-entry bookkeeping system
The Double Entry Bookkeeping system is scientific, perfect, and a complete method of recording business information in the books of accounts. Generally, in every business transaction, we find two accounts, out of which one account…
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What Is Bookkeeping?
Bookkeeping is a systematic method of keeping and maintaining a record of day to day business transactions in words and figures in the books of accounts to show clearly and correctly the financial position of…
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Journal Entries In Accounting: Basics
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…
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Classification of accounts: Personal, real, and 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,…
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![Three Golden Rules of Accounting [Explained With Examples]](https://www.atulhost.com/wp-content/uploads/2015/09/three-golden-rules-of-accounting-416x208.jpg)
Three Golden Rules of Accounting [Explained With Examples]
In the accounting field, especially in the finance section, we are taught to create and pass the journal entries in the books of accounts. One must have knowledge of basic accounting rules in order to…