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What is MIS Report: Need, Types & Examples

MIS report in full form is Management Information Systems Report.

What is Contra Entry in Accounting? Examples and Format

Contra entry records cash and/or bank account transactions in the accounting journal.

What is Bank Reconciliation Statement, How to Prepare, Benefits and Examples?

A Bank Reconciliation Statement is a document that notes the similarity and dissimilarities between the cash balance on your Balance Sheet and the

What is Trial Balance: Trial Balance Rules & Examples

What is Trial Balance?

A trial balance is a financial report that lists a company's general ledger accounts closing balances at a certain

What are the Golden Rules of Accounting

Financial accounting is different from bookkeeping, and accounting has a dual entry for every transaction - debit and credit.

Generally Accepted Accounting Principle (GAAP)

The GAAP or Generally Accepted Accounting Principles comprises a set of commonly followed accounting standards, procedures, and principles for fina

What are the benefits of Outsourcing Accounting services

Outsourcing accounting services are exclusive accountant tools that are used to withdraw non-core functions of full-time accountants from the third

Why Accounting is Important for A Business?

Accounting is a critical aspect of any business.

Documents Required for Audit of a Company

Conducting an audit can be a very complex and time-intensive task and this is the reason not many entrepreneur and businessmen want to initiate the