Articles By Lakshit Choudhary
Double Entry System Definition, Advantages of Double Entry System
ByDouble entry system of book-keeping has emerged in the process of evolution of various accounting techniques. Definition of Double Entry...
Corporate Frauds and Auditors Responsibility – An Analysis
Corporate Frauds and Auditors Responsibility , The Companies Act, 2013, has introduced several new reporting requirements for statutory...
Petty Cash Book, Imprest System of Petty Cash (Advantages)
Petty Cash Book: Payments in cash of small amounts like traveling expenses, postage, carriage etc are petty cash expenses, petty cash expenses are recorded.
Rules of Debit and Credit, Concept of Debit and Credit Entries
Rules of Debit and Credit: The left hand side of an account is called the debit side; while the right hand side is called the credit side.
Difference Between Accounting, Auditing, and Investigation 2025
Difference Between Accounting, Auditing and Investigation. It is an art of recording, classifying and summarizing financial information.
Basic earnings per share and Diluted earnings per share – Detailed
Basic earnings per share and Diluted earnings: An ordinary share is an equity instrument that is subordinate to all other classes of equity..
Dual Aspect Concept: Meaning, definition with Examples
Dual Aspect Concept: Every Transaction has two effects: Debit and Credit. Both are opposite and equal also known as Double Entry System.
Accounts and its Classification, Types of Accounts (An Analysis)
Types of Accounts (Accounts Classification): The business transactions are recorded in accounts. An account is an individual record of a...
Rectification of Errors, Stages of Errors, Need for Rectification
Rectification of Errors: Every concern is interested in ascertaining its true profit and financial position at the close of the trading year.
