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Financial Statements
Financial statements are prepared to ascertain the profit or loss of the business, and to…
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Trial Balance
Trial balance is a summary of all the debit and credit balances of ledger accounts.…
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Accounting – Process
Accounting cycle refers to the specific tasks involved in completing an accounting process. The length…
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Bank Reconciliation
On a particular date, reconciliation of our bank balance with the balance of bank passbook…
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Key Features of Subsidiary Books
There is a difference between a purchase book and a purchase ledger. A purchase book…
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Bills Payable Book
Bills payable issues to the supplier of goods or services for payment, and the record…
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Bills Receivables Book
Bills are raised by creditors to debtors. The debtors accept them and subsequently return them…
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Sale Return Book
The reason of Sale return is same as for purchase return. Sometimes customers return the…
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Purchase Return Book
Sometimes goods are to be retuned back to the supplier, for various reasons. The most…
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Sale Book
The features of a sale book are same as a purchase book, except for the…