What is accounting? Capital | Drawing | Proprietor | Assets

What is accounting?

The accounting is an art of recording. classifying, analyzing, summarizing and interpreting of the records of the business.

Need of accounting or requirement of accounting:

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CAPITAL:

These are those amount which have to invest by the proprietor for business starting.

DRAWING:

These amount are those amount which have to spend by the proprietor for personal use.

PROPRIETOR:

A Person who takes all the risks and to use all the legal rights.

ASSETS:

These assets are those assets which have to purchase by the proprietor for business use.

These are two types:

Current assets:

Current assets are those assets in which have to purchase by the proprietor for sort-term business use. For examples: Goods, Row-material, Cash in hand, Stock in hand.

Fixed assets:

These assets are those assets which have to purchase by the proprietor for long-term business use. For examples: Land & Building, Plant and Machinery.

Comments

LIABILITY | EXPENSE

LIABILITY: These liability are those liability which have to pay by the proprietor for long time or sort time. Liability are two type: Current Liability These liability are those liability which have to pay by the proprietor for soft term to own business out sides investors, shares holders, soft term loan or creditors, etc. Fixed Liability These liability are those liability which have to pay by the proprietor for long term to own business, partners, debenture or long term loan. EXPENSE: These expenses are those expenses which have to spend by the proprietor for business activities. These are two type: Direct expenses: These expenses are those expenses which have to spend by the proprietor directly. For examples: Carriage - in & out word Fright Transport Tax Fuel Wages Posts and stamp Rent, etc. Indirect expenses These expenses are those expenses which have to spend by the proprietor indirectly for business purpose. For examples: full-width Advertisement Books & Stati...

INCOME | CREDITOR | DEBTOR

INCOME These income are those income which have to receive for selling goods and services. Type of income: Direct Income These income are those income which have to receive to supplier for direct selling to cash. For example Sales for cash Assets for cash Service for cash, etc. Indirect Income These income are those income which have to receive indirectly. For example Discount receive Interest receive Commission Bonus Gift, etc. full-width Creditor: A person who takes the cash and gives the goods. Debtor: A person who gives the cash and receive the goods.

How to gain weight

Gain weight How to gain weight Follow these tips to increase weight, Possible to increase 4 kg within a month: Take high calorie foods in the diet Take high calorie foods in the diet O ne of the most important things to keep in mind is that you should consume high calorie foods. Eating high calorie foods means that you will have to consume more calories here than you consume in calories. This helps to gain weight quickly. Speaking of high calorie foods, it includes granola, meats, tofu, fish, avocado, milk, beans, and sweet potatoes. Eat less fried food Eat less fried food T he most important thing to keep in mind when gaining weight is to keep in mind that you don't have to eat more fatty foods. During the calorie dense foods you eat to gain weight, eating any food made with more oil can also affect your digestive system. This will spoil the diet routine that is taken during your physical condition and you may also face difficulties in gaining weight. Therefore, try not to consume...

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