Double entry system Posted by birendra kunwar on 4:27 AM

 Book keeping is that branch of knowledge which tells us how to keep the records of financial transaction. The need for recording such transaction arises because it is difficult to remember all financial transactions during a period of time. There are two system of recording such financial transactions. (a) single entry book keeping system.

(b) double entry book keeping system
Single entry book keeping system is that system of book keeping under which a complete record of each an every transaction is not kept. Under this systems only one aspect is records both aspect is recorded for most of the transactions. But double entry system is a complete recording system it records both aspect of all transactions.
Double entry system is modern scientific system of recording the financial transactions. this system recognizes that every financial transaction has two aspects of book keeping. in other words ,the system of making two entries for recording a transaction in the book of each contracting party is called double entry system book keeping.

accounting activity Posted by birendra kunwar on 3:58 AM

Accounting is an activity designed to identify measure and communicate financial information about economic entitles to interested persons . it is both an art and a science of keeping records of financial transactions , presenting and analyzing financial information of government and non governmental enterprises . it is an essential component of commerce education.

career in accountancy Posted by birendra kunwar on 3:49 AM

 

accountancy is a main post for every company .there are many job opportunity in accountancy .every business need aaccountant so it is very important post .if you have experiance many company offer for job. if you are a graduate there is  higher probablity to get good  job and earn money . there are many vacancy in chartered accountancy post  but job seekers are few .  so now a days accountancy is the language of business because it is the vehicle for reporting financial information about a business to many different group of people. accounting that concertrate on reporting to people inside the business is called management accounting . it is used to provide information to employees, managers and auditors.a career is mostly seen in course of successive situations that make a persons occupayion.