The final accounts of a business are prepared at the end of an accounting period to determine the financial position of the business. These accounts include: 1. Trading Account The
Depreciation Depreciation refers to the process of allocating the cost of a tangible asset over its useful life. It is a way for businesses to account for the gradual loss
Bill of Exchange A Bill of Exchange is a financial instrument and a legally binding document used primarily in trade and finance to facilitate payments. It is essentially a written
Accounting Concepts Accounting concepts are fundamental principles that serve as the foundation for preparing and presenting financial statements. These concepts help ensure consistency, transparency, and reliability in financial reporting. Below
ICSE Class 11 The ICSE (Indian Certificate of Secondary Education) curriculum for Class 11 is typically aligned with the ISC (Indian School Certificate) guidelines for Classes 11 and 12. It
