Accountancy is one such subject which instructs about the procedure which should be followed for dealing with any organizations’ income and loss in the systemized way. The strategies for recording and additionally outlining transactions are well known as “accounting” or bookkeeping.
- Balance Sheet: To introduce the assets and liabilities of the organization for giving a view regarding the monetary position of the organization at year end.
- Statement of profit and loss: It’s the report which presents the profit or loss made by a given company in a particular financial year.
- Statement of cash flow: Report dissecting the inflow and out flow of money for a business.
As a subject accountancy is a tough one and one needs to understand the movement of cash from one account to the other in the journal for becoming a good accountant for the industry. The principles of accountancy need to be clear to every student to develop a solid base on the subject. There is a huge demand for good accountants in the industry and so to make a shining career students need to learn the application of the golden rules of accountancy in a right manner to make a right forecast for the company future. The subject of accountancy is not an easy one and to understand each and every aspect of it students need to invest time for grasping the rules of accountancy. Studying at home and doing the homework together seems difficult for the students. There are many other important activities in life in which too students need to invest time and so they find it hard to complete the homework well in time. Incomplete homework submission or poor quality homework assignment submission will attract low score for the students and will affect the annual score card badly. Confusion in solving technique of problems given as homework is also a common problem among students.
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