What is Bank Reconciliation Statement? Meaning of Bank Reconciliation Statement in Financial Accounting Money deposited into a Bank is recorded in the Bank Column of a Two-Column Cashbook on the debit side while withdrawals are recorded on the credit side. The bank also maintains an account of the customer in its book. Deposits made by the customer are recorded on … Continue reading "What is Bank Reconciliation Statement"
Accounting Principles, Concepts and Conventions In an accounting period, the income displayed must be set off against the expenses incurred to generate that profits. This gives a true & fair view of the profit earned in that period. Accrual Under accrual, method of accounting revenue is recognised when it is earned rather than when received, similarly expenses are recorded when incurred than actually paid. … Continue reading "Accounting Principles, Concepts and Conventions"
How to be an Accountant in India? In order to be an accountant in India there are few steps that need to be taken in terms of educational qualification, experience and certain skills to be acquired What is the Educational Qualification to become an accountant? To be an accountant you should opt for commerce stream after your 10th lass with … Continue reading "How to be an accountant in India?"
The below article will have its main focus on Chartered Accountancy’s entry level examination referred to as CPT which elongates to be Common Proficiency Test. What is CPT Course ? The Common Proficiency Test, as mentioned above, is the very first challenge an individual will be facing when he or she has finally decided to pursue the path of chartered … Continue reading "CPT – Eligibility- Syllabus-Fee-Exam"