A cash book is a subsidiary book that is prepared to keep a record of cash transactions.
Accounting is an art of recording, classifying and summarizing transactions and events and interpreting the results thereof.
As and when business transactions take place, two effects emerge from them. In this course we study these effects, and more!
The word 'Journal' is derived from the French word 'Jour', which means day! A journal is a note or a diary.
Journal proper is a subsidiary book in which the transactions which are not recorded in any other subsidiary book are recorded.
Let's learn how to prepare ledger accounts from a journal and the subsidiary books and also how to find balance in ledger accounts.
Subsidiary books are those books into which a journal is subdivided because of its limitations.
This is a basic chapter explaining business, profession, employment, trade, commerce and industry.
This chapter will clear concepts of Insurance, warehouse and transportation.
This chapter explains about communication, internet and e-commerce.