Types of Accounts Modern Approach
Types of Accounts Modern Approach: Account – Account is the individual record of an asset, a liability, a revenue, an …
Types of Accounts Modern Approach: Account – Account is the individual record of an asset, a liability, a revenue, an …
Assets Liabilities Capital Revenue and Expenses Assets Liabilities Capital Revenue and Expenses Assets- Assets are valuable economic resources of an …
Sources of Finance Every business firm requires capital to carry on its operations. Capital refers to investment made in a …
CBSE 12 Profitability Ratio Questions for Practice Profitability Ratios: Profitability ratio is used to evaluate the company’s ability to generate …
Cheque received journal entry *Cheque received from customer or Debtor and not deposited same day into the bank. Following Journal …
Rent paid journal entry Rent paid journal entry The amount of money paid to the owner of a property in …
Market Market? In the ordinary sense, a market is defined as a place or geographical area where buyers & sellers …
Nominal Accounts Examples List What are Nominal Accounts? Accounts that relate to the expenses, losses, incomes, and gains of the …
Personal Accounts Examples List What are Personal Accounts? personal accounts are those accounts that relate to persons, Firms, Institutions and …
Types of Accounts American Approach or The Modern Approach Under this approach transactions are recorded based on the accounting equation. An Accounting equation …