Management According to Marrie and Douglas, "Management is the process by which a co-operative group directs actions of others toward common goals." Management is a process of getting work done with the aim of achieving…
Basic Accounting Terms: Part 2: Entity, Business Transaction,…
Expenditure Money spent or liability incurred for acquiring goods or services or assets is called expenditure. Thus, expenditure is a payment for a benefit received. Examples: Payment of rent, salary, purchase of goods, purchase of…
Basic Accounting Terms: Part 1: Entity, Business Transaction,…
An entity in accounting language refers to an economic unit engaged performing economic activities like Nikunj Enterprises, Maruti Suzuki, Dabur India, DLF, Bajaj Auto etc Business Transaction The term business transaction refers to a financial…
Introduction to Accounting (With PDF & Video Lecture)…
Definition "Accounting is the art of recording, classifying, and summarising in a significant manner and in terms of money; transactions and events which are, in part at least, of a financial character, and interpreting the…
Accounting for Partnership Firms| Fundamentals Part 2 Profit…
Accounting for Partnership Firm| Fundamentals - Part 2| Profit and Loss Appropriation Account (with PDF & Video Lecture) – Class 12 (2022-23)| CUET/NCERT Division of Profits among Partners Profit is distributed among all partners after…