Accounting basically refers to the process or work of keeping the financial accounts. The history of accounting is thousand years old. It can be divided into several fields like Tax accounting, Financial accounting, management accounting. It involves the measurement and processing of financial information of the economic entities like a business and big firms. Accounting is the key function for any business it can be handled by the accountant in a small firm or by the employees in a large firm. Some of the basic accounting terms are revenues, assets, liabilities, expenses, balance sheet, and income statement. There are few steps in accounting process:
- Identifying and analysing business transaction
- Recording in the journals
- Posting to ledgers
- Adjusting entries
- Financial statement
- Closing entries
- Reversing entries
The accounting process operates in multiple dimension and takes into account many variables. Like any other system accounting also has
- INPUT- Financial transaction
- PROCESS- Double-entry bookkeeping
- OUTPUT- Financial statement
Throughout the month money moves, it moves every day and sometimes every hour. Every time the money moves an accounting entry is made to represent its money movement. Accounts are the scientific process which includes identifying, classifying, summarizing, analysing. Transactions should be recorded in a systematic manner to get an answer easily when required.
Students find accounts a boring and tedious subject. Students tend to run away with the subject as they find it difficult in making balance sheets. In Accounts student has to do complex addition and subtraction and remembering what transaction to be classified as “debt” and what are classified as “credits” and then they need to remember what to put on the various statement. It requires a lot of effort to learn overall operation and important stuff of accounting. Lack of interest in the topic makes student struggle to solve even a small problem. Unclarity of concepts also makes it difficult for the student to do accounting homework. Accounts is not an easy subject. If you are stuck with your accounting homework and need guidance in it we are here to help you out. It’s time to say goodbye to all problems as we are here to provide you with the best accounting homework help. We provide homework help in accounting and its related subject our tutors are masters in their fields and hold the degree from prestigious universities and they are well versed with each concept of accounts. Not only they will help in completing your homework but will also help you to understand the concepts of accounts. Our service is affordable to encourage students to seek the assistance and provide you with the superior quality of homework. If you are not happy with your work you can get it revised any number of times. Non-plagiarised content is guaranteed because we believe in originality of work. We are punctual with our due dates and always return the work within the given time-frame. If you have any questions, suggestions and comments feel free to contact us anytime we promise to get back to you at the earliest. You can always send your problem in e-mail or fill the order form with necessary details.