Cost Accounting – Classification of Cost in Accounting Softwares

August 2016

Accounting- Classification of Accounts

Accounting – Classification of Accounts Accounting Classification It is necessary to know the classification of accounts and their treatment in double entry system of accounts. Broadly, the accounts are classified into three categories: Personal accounts Real accounts Tangible accounts Intangible accounts Let us go through them each of them one by one. Personal Accounts Personal

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The Accountant and Financial Statement

The Accountant and Financial Statement Business owners don’t have a boss to give them feedback, so many use their annual Profit & Loss (P&L) statement as their performance evaluation. If their P&L shows more revenue and more profit than last year, business owners draw the conclusion that they did well; and they would typically consider

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