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What is Bills Payable Book

What is Bills Payable Book?

Posted by By Ashish Sir February 14, 2023Posted inBasics of AccountingNo Comments
A bills payable book is a financial record used to track bills of exchange that are owed by a business. A bill of exchange is a legal document that represents a promise to pay a certain amount of money at a future date.
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What is Accounting Principles, Concepts and Conventions?

Posted by By Ashish Sir February 10, 2023Posted inBasics of AccountingNo Comments
The accounting principles, concepts and conventions form the basis for how business transactions are recorded. A number of principles, concepts and conventions are developed to ensure that accounting information is presented accurately and consistently. Some of these concepts are briefly described in the following sections.
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How Many Branches of Accounting

How Many Branches of Accounting?

Posted by By Ashish Sir February 10, 2023Posted inBasics of AccountingNo Comments
Financial Accounting is the original form of accounting and has been in use since the beginning.
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What is Journal and Journalizing

What is Journal and Journalizing?

Posted by By Ashish Sir February 10, 2023Posted inBasics of AccountingNo Comments
A Journal is a record in which all business transactions are entered in a chronological order. A record of a single business transaction is called a journal entry.
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Accounting Principles, Concepts and Conventions

Posted by By Ashish Sir December 17, 2022Posted inBasics of AccountingNo Comments
The accounting principles, concepts and conventions form the basis for how business transactions are recorded. A number of principles, concepts and conventions are developed to ensure that accounting information is…
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Keyboard Shortcuts in TallyPrime

Posted by By Ashish Sir December 10, 2022Posted inBasics of AccountingNo Comments
This topic lists the different shortcut keys that can be used in TallyPrime – for faster data entry.
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What is deference between book-keeping and accounting & accountancy?

Posted by By Ashish Sir December 8, 2022Posted inBasics of AccountingNo Comments
What is deference between book-keeping and accounting & accountancy?
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what-is-accounting

What is accounting? Is accounting science or an art?

Posted by By Ashish Sir December 8, 2022Posted inBasics of AccountingNo Comments
Accounting is a process of identifying, recording, classifying and reporting information on financial transactions in a systematic manner for the purpose of providing financial information for decision making.
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