General Ledger
Jennifer edwards General Ledger General ledger is one of the basic entity is the basic accounting cycle that is used to store transactions that are further used in income statement and balance…
Single Entry Versus Double Entry System of Bookkeeping
Shamsa Rafique Single Entry Versus Double Entry System of Bookkeeping: Learning Objectives: What is the difference between single entry system and double entry system of bookkeeping? What are the advantages of double…
Ledger
Sana Ahmed Ledger: Learning Objectives: Define and explain the term ledger. What are the main advantages of ledger? What is the difference between ledger and journal? Explain the method of posting. What…
Difference Between Statement of Affairs and Balance Sheet
Abida Rehman Difference Between Statement of Affairs and Balance Sheet: Learning Objectives: What is the difference between statement of affairs and balance sheet? As real or property accounts are not maintained and…
Difference Between Ledger and Journal
Difference Between Ledger and Journal: Learning Objectives: What is the difference between ledger and journal? The journal and the ledger are the most important books of the double entry system…
Final Accounts of Non-Trading Concerns
Final Accounts of Non-Trading Concerns: Non-trading concerns usually maintain their accounts by the double entry system and periodically prepare their final accounts for the submission to their members and subscribers.…
Definition and Explanation of Single Entry System
Rubab Ali Definition and Explanation of Single Entry System: Learning Objectives: Define and explain single entry system of bookkeeping. What are limitations of single entry system of accounting It is difficult to…
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…