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Showing posts from August 3, 2013

Accounts for tally Part-2

ACCOUNTING It is an art of recording,classifying and summarising the financial natured transactions and events in such a way. So as to get the meaningful information in future.
VARIOUS TERMS COMMONLY USED IN ACCOUNTING CAPITAL: It refers to the amount invested by the proprietor into the businessDRAWINGS :  Amount kept by the proprietor for the personal purpose or any amount withdrawn by the proprietor from the business for personal use GOODS : The commodity in which we deal on regular basis. The types are :Purchase A/cSales A/cPurchase return A/cSales return A/c