Issued Share Capital!

The share capital that has been issued to shareholders. This is a part of the company's authorized capital (the maximum amount of capital that can issue legal conditions). The part not yet issued is called free capital.  Total number of shares held by shareholders. The company can grant new shares to all approved shares of the stock at any time. Register capital is...

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Authorized Share Capital!

Authorized share capital is the number of shares that may be issued in the article of the company or company organization stated in the memorandum of establishment. Authorized share  capital is often insufficiently used by management to create space for the issuance of additional inventories in the future if companies need to quickly acquire capital. Another reason...

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Working Capital!

Working capital is a measure of business efficiency and its short-term financial soundness. Employment capital is calculated as follows. Working Capital = current assets - current liabilities The working capital ratio indicates whether there are enough short-term assets to cover short-term borrowings. All less than 1 indicate negative W / C (working capital). Those exceeding...

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Drawing Account!

Drawing accounts are accounting records used to track funds withdrawn by employers. Drawer accounts are mainly used for businesses that are taxed as the sole owner or partnership. Exclusive remuneration for an entity that is taxed as a separate entity should generally be provided as a reward or dividend. The drawing account is a capital account. However, by reducing the...

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Going Concern!

Going concern are related to the premise that companies have a way to continue in the near future. A bankruptcy company or a company close to bankruptcy is against the active business. Going concern is the basis of basic accounting. It is a premise that a company or other entity can work for a sufficient period of time to fulfill its obligations, obligations, purpose,...

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Double Entry System!

Double entry is a fundamental concept underlying current accounting and accounting. Double entry accounting is based on the fact that each financial transaction is equal and counterfeits securities in at least two different accounts. It is used to satisfy the expression Assets= Liabilities + Equity. Here, each entry is saved to maintain the ratio. A double accounting or...

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Single Entry System!

A single entry bookkeeping system or single entry accounting accounting system is a single accounting-based accounting method for maintaining financial information.  A single entry system records each accounting transaction with a single entry in the accounting record, not a dual entry extended system. The single entry system focuses on the company's performance reported...

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Bookkeeping!

Bookkeeping is a record of financial transactions and is part of corporate accounting treatment. Transactions include purchases, sales, receipts and payments made by individuals or organizations / companies. There are a few general accounting processes such as accounting for a single accounting system and input for a double accounting system, but if it can be considered...

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Accounting!

1- Accounting is a systematic and complete record of financial transactions related to the company, included the synthesis of these transactions to the regulatory bodies and the actual tax collection, referring to the analysis and reporting. 2-Accounting is a systematic investigation, reporting and analysis of corporate financial transactions  Accounting can...

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Trial Balance!

In all the debit and credit statements of the double entry account, the discrepancy indicates an the error. The trial balance is a brochure that sets the credit for all the books credit and loans set. Companies usually prepare trial balance periodically at the end of the each reporting period. The general purpose of the trial balance to ensure that the entries to the accounting...

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Ledger!

A ledger is a major book or computer file for recording and preparing economic transactions accounted by accounts items, There are debit and credit in individual column, start of balance indicates the end of the money balance of the each account. The general ledger is a permanent summary of all accounts included in the supports views and list the individual transactions...

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Journal!

Journal is a record holding accounting transaction in a sequential order and its means how it is displayed.Ledger is a record that provides the accounting transactions. A accounting is a unit that record and summarizes accounting transactions. Journal accounting is record of accounting journal transactions.The daily input can consist of the several investigation, each...

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Credit.Cr!

Credit is a contractual agreement that the borrower has a foundation and agree to pay back to the lender with the interest at any time at a later date. Credit refers to accounting that reduces assets or increase debt and equity in the company's balance sheet. In addition, in the income statement, net income decrease, while credit increase net income. The abbreviation...

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Debit Dr!

A debit is an accounting item that result in an increase in assets or decrease in corporate the liabilities. In basic accounting, debit is the credit balance that act in the opposite direction. For Example, if a company has to pay debts at the time of the equipment purchase, fixed assets and creditors are charged to the liabilities account according to the nature of the loan.Debit...

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Branches of Accounting!

Different accounting firms seems to examine different types of accounting information required by different kinds of peoples. There are three major accounting department : Financial accounting, cost accounting, accounting such as owners, shareholder, management teams, suppliers, creditor, tax authorities and various state agencies. Financial Accounting > Financial...

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The Difference between Internal & External Audit!

Auditing: Auditing is an inspection, modification and check business record conducted by an independent qualified public accountant Auditor: An auditor is a person who checks the accuracy or correction and verification of business record. The auditor is a person who the financial record of the company or organizations. Jobs in the audit industry have brought many careers...

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