ACCOUNTANCY MEANING, DEFINITION, IMPORTANT TERMS

Comments

Post a Comment

Popular posts from this blog

INFORMATICS UNIT 2 NOTES

Image
UNIT 2  INFORMATICS NOTES ⭕ Drivers of digital business Drivers of digital business refer to the key factors, technologies, and trends that enable and accelerate digital transformation and innovation in organizations. These drivers facilitate the creation of new business models, revenue streams, and customer experiences. Drivers of digital business refer to the key factors, technologies, and trends that enable and accelerate digital transformation and innovation in organizations. These drivers facilitate the creation of new business models, revenue streams, and customer experiences. *Key Benefits:* 1. Enhanced Customer Experience 2. Increased Efficiency and Productivity 3. Improved Decision-Making 4. New Revenue Streams and Business Models 5. Competitive Advantage 6. Innovation and Growth ⭕BIG DATA ANALYTICS Video 👇 https://youtu.be/bAyrObl7TYE?si=qtEloLgm2Mjf-Q4o Big Data  Analytics refer to the process of collecting, storing, processing, and analyzing...
Read more

ACCOUNTANCY THEORY NOTES

Image
🔰STOCK & DEBTORS SYSTEM ( ANALYTICAL SYSTEM ) 🔰🔰PREVIOUS YEARS QUESTION PAPER BASED THEORY QUESTIONS AND ANSWERS🔰🔰👇👇 ⭕🔰ADVANTAGES & DISADVANTAGES OF AVCOUNTING⭕🔰 Accounting is the process of recording, analyzing, and reporting a business's financial transactions. It also refers to the principles and procedures of this system 🔰Advantages of Accounting Maintenance of business records Preparation of financial statements Comparison of results Decision making Evidence in legal matters Provides information to related parties Helps in taxation matters Valuation of business Replacement of memory ⭕Maintenance of business records It records all the financial transaction pertaining to the respective year systematically in the books of accounts. It is not possible for management to remember each and every transaction for a long time due to their size and complexities. ⭕Preparation of financial statements Financial statements lik...
Read more