Ledger: Ledger is a book of storing all Business transactions for a particular account in a tabular form such as asset, liability, owner equity, revenue, expense, gain, and loss accounts. And transfer the entries to the respective accounts in the …
Depreciation is calculating the asset’s cost to expense over the accounting periods that the asset is likely to be used. For Example, if a business purchases a delivery truck at the cost of 100,000 and it is expected to be …
Balance Sheet is the financial statement of company’s Assets, Liabilities and Shareholder’s equity at a specific point of time. The purpose of this balance sheet is to know the financial health of an organization. Based on this we can conclude …
Profit and Non-Profit Organisations organizes the company in the same manner when it comes to financing. Both are spending money efficiently to keep the products, programs, services are operational. But the main difference with profit organization is non-profit organization reinvest …