Accounting revision

Bad debts The amount of the debtors which cannot be recovered is known as bad debt. At the end the accounting year, the amount of bad ...

  The business concerns are of two types: Trading concerns and non trading concerns. Trading concerns are existing for the purpose of ...

Final Accounts of sole Traders: show the calculation of profit earned or the loss incurred during the period and the financial position of...

The businesses which produce and sell the items prepare the following accounts at the end of its accounting year:-                 a. Th...