It provides a memorandum for the transactions Sales ledger control account A combine account for all debtors Only has transactions that show in account of a debtor So no cash sales Also called accounts receivable control account Purchase ledger control …
There are two sources of information regarding the transaction in a business’s bank account The cash book that is maintained by the business The bank statement that is maintained by the bank There can be items that are present in …
Errors can be of two types Errors that have no effect on the balance of trial balance In other words, the trial balance still appears equal on debit and credit side, but the equal amount is wrong Such errors do …
General Journal All the general entries are made in the General Journal If not all books of prime entry are being used, then all entries are made in the General Jounral Will cover Books of Prime Entry later. The entries …
Business Documents Different business documents are used in every business. The setting of each Quotation Seller sends to buyer. Details sent to potential buyer about the possible supplies, their time, date, unit price and where they have to be supplied. …
Barter System Initially, the world worked on the barter system. One person who has one thing in excess would find someone who needs this excess thing. And can provide him with something he wants in return. For example, if A …
Basic Accounting Equation Let’s start with the basic accounting equation Assets = Liabilities + Owner’s Equity Assets Owned or possessed by the business Used in generating revenue Liabilities Owed by the business to others Owner’s Equity The owner’s part in …
Topics: Thermionic Emission Parts of CRO Properties of Electrons Working of CRO Measurement of Voltage and Time Period CRO Circuit Components Resistor Color Coding Thermionic Emission: The process through which electrons are emitted from red-hot filament. Flow of electron …
Topics: Detection of Radiation through Electroscope Detection of Radiation through Cloud Chamber Detection of Radiation through GM Tube Basic Properties of Alpha, Beta and Gamma Radiation Ionizing Power Penetration Power Effect of electric and magnetic fields Radioactive Decay Half Life …
Topics: Waves Waves Sources of Waves Wave Motion Types of Waves Properties of Waves General Wave Equation Light Light Converging and Diverging Light Reflection of Light Refraction Total Internal Reflection Lens Linear Magnification Color Spectrum Wave: Wave is a …