Accounting is a science of record keeping that has evolved as a useful tool in society. A major part of the science deals with the measurement, interpretation, and reporting of financial data. A manager who is responsible for accounting is called an accounting officer. Accounting officers form the part of the management team of a company that performs accounting chores. The primary duty of an accounting officer is to prepare and maintain the records of the financial activities of a company.
Accounting Assignment Help. Accounting Equation or Double Entry Accounting is a technique that has helped businesses manage their financial transactions efficiently. The double-entry accounting equation states that the difference between the opening and closing balance sheet items for a particular month is the income from that month. All kinds of financial transactions and maintenance of financial accounts in an organization are based on the double-entry accounting equation.
Accounting Equation and Accounting Cycle. Double-entry financial statements form the basis of the balance sheet and this is where all the recorded financial transactions, purchases, and sales take place. This includes price adjustments, market changes, cash inflows/outflows, employment payments, dividends, and other financial transactions. Thus a company's balance sheet reflects all the recorded events in the financial statements.
If your are searching for on affordable cost you may visit our website : @LiveWebTutors