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Generally, methods for providing depreciation are based on the formula developed on a study of the behavior of the assets over
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As you are aware that during various accounting courses fixed asset accounting is highly stressed upon. Fixed assets like plant
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Oh! What is this? Principal book of accounts? Had you attended our accounting course, you would not ask this question.
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We will learn accounting concept through this article i.e. Journal. Journal is the book of primary entry in which every
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In the previous topic, we saw how Double Entry System works but that concept cannot handle the accounting work independently.
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Double entry system of book keeping is the most popular scientific system of accounting. According to it, every transaction has
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We have a space constraint, so let us not discuss what was discusses in the previous article. But you can
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