Bookkeeping is keeping a record of everyday transactions occurring in a business in an organized manner. A person who does this job is known as a bookkeeper. Bookkeeping allows a company or an organization to know its current financial situation. It plays an important role in forming the company’s account statement at the end of […]
Accounting management is a way where we can learn everything about the expenses and profits & Loss of business during the financial year. It is a process of analyzing the business cost and prepare the internal report of a business. It is also known as cost and managerial accounting. Definitions by different authors Management Accounting […]