chapter-1 nature and purpose of business complete notes Concept of Business Business refer to those economic activity which are connected with production, purchase and sale of goods or supply of service with the main object of earning profit. For Example,…
Are you looking for solution of TS Grewal book class 12 accountancy 2024-25 edition. I have solved all the practical problems in this book and complete video available my you tube channel studynatic Meaning of Goodwill:- Goodwill is an…
Are you looking for solution of TS Grewal book class 12 accountancy 2024-25 edition. I have solved all the practical problems in this book and complete video available my you tube channel studynatic Partnership “Partnership is the relation between person…
BUSINESS TRANSACTION (STUDYNATIC) ‘Business Transaction’ means a financial transaction or economic event entered into by two parties that initiates the accounting process of recording it in the books of account of an enterprise. It is an agreement between…
WHAT IS ACCOUNTING Accounting is a process of identifying the events of financial nature, recording them in journal, classifying in their respective ledgers, summarizing them in Profit and Loss Account and Balance Sheet and communicating the…