taxmann publication pvt.ltd.( cs professional f.m.) book and

1,260.00 1,030.00

It is done by junior staff because the nature is clerical.
It records transactions in a significant and orderly manner.
It covers journalizing, posting and extracting of balances.
Accounting:-
Is the culmination of book-keeping? It starts where book-keeping ends.
Extends to preparation of final accounts after incorporating year end adjustments
It is done by senior staff because nature of the job requires imagination skill analytical ability.
It classifies, summarized and provides information.
It covers preparation of final accounts and balance sheet.
Real Personal and Nominal-Classification of Accounts:–
An account is a summarized record of business transactions and account can be classified into 3 types