Systems of Accounting
Abida Rehman Systems of Accounting: Learning Objectives: Define and explain cash system and accrual system of accounting. There are basically two systems of accounting: Cash System of Accounting. Accrual System of Accounting.…
Double Entry System of Bookkeeping
Double Entry System of Bookkeeping: Learning Objectives: Define and explain double entry system of book-keeping. What are the advantages and disadvantages of double entry system of book-keeping? The double entry…
Definition and Explanation of Bookkeeping
Rubab Ali Definition and Explanation of Bookkeeping: Learning Objectives: Define and explain the term bookkeeping. The work book or books mean books of accounts and keeping implies maintaining in proper form and…
Branches of Accounting
Shamsa Rafique Branches of Accounting: Learning Objectives: What are the branches of accounting? Accounting has three main forms of branches, viz, financial accounting, cost accounting, and management accounting. These forms of accounting…
Important Bookkeeping Terms
Important Bookkeeping Terms: Before attempting to learn the art or science of bookkeeping it will be better to clarify some of the terms that will have to be used again…
Bookkeeping Versus Accounting
Bookkeeping Versus Accounting: Learning Objectives: What is the difference between bookkeeping and accounting? There is some confusion over the difference between bookkeeping and accounting. This is due to the fact…
Extended Example of Net Present Value Method
Sana Ahmed Extended Example of Net Present Value Method: Difficulties Encountered in Process Costing Procedures: Learning objectives of this article: What are the difficulties or Limitations in a process costing procedure?…
Bookkeeping
Bookkeeping: After studying this chapter you should be able to: Introduction: The need for a system by which man might keep a record of his business transactions with his fellowmen…