BKBA/U4 Topic 2 Accounting treatment of depreciation
The accounting for depreciation requires an ongoing series of entries to charge a fixed asset to expense, and eventually to derecognize it. These entries are designed to reflect the ongoing […]
BKBA/U4 Topic 3 Reserve and Provision
A reserve is an appropriation of profits for a specific purpose. The most common reserve is a capital reserve, where funds are set aside to purchase fixed assets. By setting […]
BKBA/U5 Topic 1 Issue of shares
A share is that smallest part, into which the overall capital of the company is divided. Issue of shares is a process through which the company allocates fresh shares to the new or existing […]
BKBA/U5 Topic 3 issue of bonus shares
It is quite natural that every prudent company would like to create reserve out of its profit for the purpose of future expansion as-well-as for declaring dividend in the lean […]
BKBA/U5 Topic 4 Right issue
A rights issue is an offering of rights to the existing shareholders of a company that gives them an opportunity to buy additional shares directly from the company at a […]
BKBA/U2 Topic 2 Dual Aspect of Accounting
The dual aspect concept states that every business transaction requires recordation in two different accounts. This concept is the basis of double entry accounting, which is required by all accounting frameworks in order to produce reliable financial […]
BKBA/U2 Topic 3 Types of Accounting
There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize in one of these fields, which leads to the different […]
BKBA/U2 Topic 4 Rules of Debit & Credit
If there is something that runs the world of accounting, it is the rules debit and credit. Without these rules, the world of accounting would be a haphazard mess. It […]
BKBA/U2 Topic 5 Preparation of Journal and Cash book including Banking Transaction
Cash Book Cash Book records all receipts of and payments in cash. Usually the deposits into bank accounts maintained by a business firm, withdrawals from such accounts and cheque payments […]
BKBA/U3 Topic 1 Rectification of errors preparation of bank reconciliation Statement
Errors and omissions Some differences in Cash Book and Bank Statement may be the result of errors committed by the bank or by the person responsible for writing up Cash Book. These […]
BKBA/U1 Topic 1 Meaning of Book Keeping
Bookkeeping is the activities concerned with the systematic recording and classification of financial data of an organization in an orderly manner. It is essentially a record-keeping function done to assist […]
BKBA/U1 Topic 2 Process of book keeping and accounting
Book-keeping and accounting are different from each other. Bookkeeping is an important part of accounting. Accounting is broader than book-keeping. Accounting includes a design of accounting systems which book-keepers use […]
BKBA/U1 Topic 4 Subsidiary Books of accounts
Subsidiary Books are those books of original entry in which transactions of similar nature are recorded at one place and in chronological order. In a big concern, recording of all […]
BKBA/U1 Topic 5 Difference between Accounting & Book keeping
Bookkeeping Accounting Book-keeping consists of recording financial transactions in a logical fashion Accounting concerns itself with summarizing of such recorded financial transactions It is the basis of the process of […]
BKBA/U1 Topic 6 Importance of Accounting
Accounting helps in decision making, planning, and controlling processes. It’s with the help of accounting there will be documents which will be factored in carrying out these processes. Again with […]
BKBA/U1 Topic 9 Accounting Principles, conventions & Concepts
A number of basic accounting principles have been developed through common usage. They form the basis upon which the complete suite of accounting standards have been built. The best-known of […]
