Trading Account

1. Trading account is the first step of final account which is prepare to ascertain gross prof...}
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Profit and Loss Account

1. Profit and loss account is the second step of final account. 
2. All indirect ex...}
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Balance Sheet for Final Account

1. Balance sheet is the last step of final account. Balance sheet is the last s...}
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Reducing Balance Method

1. Reducing balance method is also known as Diminishing Balance and Written Down Value Method....}
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Capital and Revenue

The following capital and revenue concepts are relevant for accounting purpose

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Journal Proper

Types of entries made in journal proper

1. Opening Entries
2. Cl...}
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