The Double Entry System The double-entry system of accounting or bookkeeping means that for every business transaction, amounts must be recorded in a minimum of […]
Simple correlation Correlation is a statistical method used to determine whether a relationship between two or more variables exists. It shows the strength of a […]
Accounting Transaction Accounting transactions refer to any business activity that results in a direct effect on the financial status and financial statements of the business. […]
Learning in OB Concept: Learning in OB is the acquisition of knowledge, skills and behavior through study or experience. Learning is a universal and continuous […]
The Basic for Recording Transactions The most basic method used to record a transaction is the journal entry, where the accountant manually enters the account […]
Legal Requirements of Accounting Accounting Requirements means the requirements of any system of accounts prescribed by a regulatory authority having jurisdiction over the Company or, […]
Motivation: Motivation in OB means inspiring the personnel with zeal to do work for the accomplishment of the objective of the organization. Motivation in OB […]
DBMS Users A typical DBMS has users with different rights and permissions who use it for different purposes. Some users retrieve data and some back […]
Use of computers in the accounting process Computers can be used as accounting machines and perform all the functions which accounting machines perform. Some of […]
The Accounting Framework An accounting framework is a published set of criteria that is used to measure, recognize, present, and disclose the information appearing in […]
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