Financial Accounting Concepts
Financial accounting is the process of recording, classifying, summarizing and communicating information about a business’s finances.
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What is a Chart of Accounts in QuickBooks
A chart of accounts (COA) is a collection of categories of accounts that are grouped by nature (revenue, expense etc.) and recorded on a financial statemen
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The Development of Bookkeeping and Accounting
In the realm of business, the principles of bookkeeping and accounting have played a pivotal role in shaping the way we manage and analyse financial data.
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History of accounting standard setting in Australia
Accounting standard setting Accounting standards in Australia were initially developed by professional accounting bodies and were enforceable under their c
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What are capital structure ratios in accounting?
The capital structure is a company’s structure that includes a mix of equity financing and debt financing. The three sections of the capital structur
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How to Delete a bill in QuickBooks Online?
For a new user, it may be difficult to find how to delete a bill in Quickbooks Online. This situation may arise as a result of wrong particulars in the ent
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Financial Analysis of Sainsbury’s
Sainsbury’s is a British grocery store giant, the second biggest chain in the UK. Founded in 1869, it boasts a protracted record of providing groceri
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Incomplete records system is unscientific and Inaccurate
An incomplete records system is unscientific, incomplete, inaccurate and unsystematic. Explain An incomplete records system is unscientific, incomplete, in
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Accounting for not-for-profit organisations
A not-for-profit organisation is a business or entity established by individuals to further an end, not-for-profit and charitable. Not-for-profit organisat
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Partnership Accounting: Preparing Appropriation Account
What is a Profit and Loss Appropriation Account? In this post, we will talk about appropriation accounts in accounting for partnerships. The appropriation
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Accounts for manufacturing businesses
What are manufacturing businesses? A manufacturing business is involved in the production of goods. Typical examples of a manufacturing business are car ma