Accounting Conventions are a common method used as a guideline when recording commercial transactions.
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A Non-Profit Organization is an organization established for the purpose of social welfare and the promotion of social arts and culture.
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Accrual Accounting is an accounting method that requires an individual to record all transactions in the books at the time of occurrence.
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Each time an accounting transaction is created, at least two accounts are always affected, a Debit and Credit.
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A financial market is a place of business in which various types of bonds and securities are traded.
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Job Costing is a method of costing using continuously identifiable units, applicable materials that directly drive the production process.
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Trading Account help us to determine the gross profit or total loss of business concerns, created strictly from trading activities.