Accountancy Notes For SSC CGL 2019-20 on : Users of Accounting information
Accounting is the language of business, it brings life to the otherwise lifeless business activities. It acts as a bridge between users of the information and the day to day transactions...
Accountancy Notes For SSC CGL 2019-20 on : Bases of Accounting
The basis of accounting refers to the methodology under which revenues and expenses are recognized in the financial statements of a business. When an organization refers to the basis of accounting...
Accountancy Notes For SSC CGL 2019-20 on : Branches of Accounting
Depending on the informational needs of various users of accounting information, several branches or subfields of accounting have been developed.
The various branches of accounting are:
(i) Financial Accounting
It involves recording of financial...
Accountancy Notes For SSC CGL 2019-20 on : Basic Accounting terminologies
Accounting is a versatile system which serves a large number of purposes in the modern business world. Hence, the following terminologies need to be understood.
Accounting - process of identifying, measuring, and...
Accountancy Notes For SSC CGL 2019-20 on : Importance of Accounting
To run a business you need data, records, reports, analysis, accurate information about assets, debts, liabilities, profits; and that is why Accounting is Importance for any business activities.
The accounting information is...
Accountancy Notes For SSC CGL 2019-20 on : Functions of Accounting
Functions of accounting are related to those statements which provide information of economic entity mainly measurable regarding money that will be used in deciding for the future plan of action from...
Economics Notes For SSC CGL / CHSL Exam 2019-20 on : Basic Economic Problems...
The Basic Economic Problem
The existence of scarcity creates the basic economic problem faced by every society, rich or poor: how to make the best use of limited productive resources to satisfy...
Geography Notes For SSC CGL / CHSL Exam 2019-20 on : Spheres of the...
Earth’s surface is a vast area of 510 million sq.km, where four spheres of the Earth interact. The abiotic spheres are the lithosphere, atmosphere and hydrosphere. The biotic sphere is the...
Accountancy Notes For SSC CGL 2019-20 on : Objectives of Accounting
Accounting can be defined as the systematic recording, reporting of financial transactions of a business and a person who manages the accounts of any company or financial institution is called an...
Accountancy Notes For SSC CGL 2019-20 on : Accounting cycle
The term accounting cycle refers to the framework and processes followed in each accounting period. The accounting cycle begins with the identification of events and transactions, and ends with the after-close...
