Joint Venture Accounting AOC This summary gives a clear definition and meaning to Joint Ventures Accounting, differentiating between Joint Ventures and a Partnership Businesses, and how to record or post transactions of a Joint Venture. Summary of a Joint Venture A Joint venture is a business similar to a partnership, this is, a relationship between […]
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Petty Cash Book (AOC) This article covers the terminologies in The Petty Cash Book System of Accounting, The Definition of Terms and The Analysis of Payments. you will also learn how to treat questions on Petty Cashbook (Imperest System). Subscribe to our YouTube channel so as not to miss a tutorial video. The Analytical
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Different people involved in one business or the other will be interested in the accounting information of such business organizations. The accountant needs to take cognizance of the fact that various people will be interested in the accounts, hence he or she needs to prepare it in a manner that will present a true and
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Accounting Concepts And Convention Accounting concepts are broad working rules adopted by the accounting profession as guides for recording and reporting the affairs and activities of corporate organizations. In this article, I summarised the basic concepts which are to be observed at the reporting stage. i.e., at the time of preparing the final accounts. Subscribe
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First of all, you can recollect from your daily activities that you incur expenditure on various items every day. You buy food items, stationery, cosmetics, furniture, etc. Some of them are consumables and some are durables. The benefits of expenditure on consumables like stationery, cosmetics, food items, etc., are derived over a short period, but
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