Asset in financial accounting is the property of a business that has money value, benefit for which can be availed in future or it can be converted into cash. Some
Asset in financial accounting is the property of a business that has money value, benefit for which can be availed in future or it can be converted into cash. Some
What is Liability? Liabilities are obligation or we can say is the claim of outsiders on business. Lets understand this by example: In a business if you require money that
To answer this we need to understand very basic thing that is why do we need accounting? Well, accounting is necessary for systematically recording financial business transactions, so that same