Free Rapidshare EBooks download

Archive for 'ACCOUNTING-BOOKS' Category

Conservatism principle

I)                    Conservatism Principle – According to this principle, all anticipated losses should be recorded in the books of accounts, but all anticipated or unrealized gains should be ignored. On other words, conservatism is the policy of playing safe. Provision is made for all known liabilities and losses even though the amount cannot be determined with [...]

TRIAL BALANCE

I)                    Trail Balance – Trail balance is the list of debit and credit balances, taken
out from ledger. It also includes the balances of cash and bank taken from cash book.
According William Pickles,” The statement prepared with the help of ledger balance at the end of financial year (or it any other date) to find out [...]