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About Financial Accounting

► Financial accounting is the process of recording, summarizing and reporting the myriad of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the balance sheet, income statement and cash flow statement, that encapsulate the company's operating performance over a specified period.✦

【Topics Covered in this App are Listed Below】

⇢ Rectification of Errors

⇢ Capital and Revenue

⇢ Final Accounts

⇢ Provision and Reserves

⇢ Measurement of Business Income

⇢ Bills of Exchange and Promissory Notes

⇢ Inventory Valuation

⇢ Analysis of Changes in Income

⇢ Accounting for Consignment

⇢ Joint Venture

⇢ Non-Trading Accounts

⇢ Single Entry

⇢ Leasing

⇢ Investment Account

⇢ Insolvency Accounts

⇢ Stock Exchange Transactions

⇢ Accounts of Private Individuals

⇢ Co-Operative Societies

⇢ Insurance Claims

⇢ Government Accounting

⇢ Contract Account

⇢ Departmental Accounting

⇢ Voyage Accounting

⇢ Royalty Accounts