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Basic Concepts of Accounting

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Basic Concepts of Accounting topics for SSC Exam

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Basic Concepts of Accounting and Manufacturing

In this article, we will talk about accounting, manufacturing, basic concepts of accounting, basic concepts in manufacturing, and the manufacturing process.

Bills of Exchange

A bill of exchange is an important mode of exchange of undue liability. Let’s learn about the bill of exchange and its working in the market.

Details About Rectification of Errors

In this article, we will define rectification of errors, lay down its importance and guiding principles, and classify types of errors, according to their effect on the trial balance.

Key Synopsis on Receipts and Payments and Income and Expenditure Accounts

This article covers the benefits, summary and differences between the income and expenditure account and the receipts and payment account.

Nonprofit Organization Accounts

This article contains information about nonprofit organizations and features and their accounting.

Simple Guide on Balance Sheet

A balance sheet is a mandatory financial statement for any business entity. Let's learn about creating a balance sheet, managing assets and liabilities etc

Single And Double Entry Systems

An understanding of the basic concepts like meaning, characteristics, and classification of accounts used in the double-entry system and single-entry system.

Source Documents of Accountancy

The article will help understand the meaning of source documents and books of original entries, journals, cash books and unique purpose subsidiary books.

Survey on Depreciation Accounting

In this article, topics like surveys on depreciation accounting, its types and definition, record accounting depreciation in books and the significance of depreciation have been discussed.

Valuation Of Inventory: An Overview

This article covers inventory valuation, its importance, and the different methods.

What is a Profit and Loss Appropriation Account?

In this article, we will discuss the knowledge of profit and loss of appropriation accounts.

What is Trial Balance

What is the definition of trial balance, its meaning, and how is it prepared? Its objectives and what are its limitations. Read to learn more.

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Basic Concepts of Accounting