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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. What is Corporate Accounting? Let’s take a deeper look into the importance of corporate accounting.

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What is Accounting?

Razorpay

What is Accounting? Accounting is the process of recording a business’s financial transactions. The objective of accounting is to prepare financial statements like the Balance Sheet, Cash Flow Statement and Income Statement which give detailed insights into the financial performance of a business.

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What is the Accounting Cycle?

Peak Frameworks

Welcome to a comprehensive exploration of the Accounting Cycle , a critical concept every finance professional should master. It is the backbone of financial record keeping, driving the operation of businesses worldwide. Double-Entry Accounting System Every financial transaction has two sides - a debit and a credit.

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Current Accounts: Understanding and Maximising Business Banking

Razorpay

What is a Current Account? A current account is a kind of deposit account for individuals and organizations that deal with a huge number of transactions. The scale of these transactions is too large for a regular savings account. Read more: What is a Current Account? What is RazorpayX?

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Statement of Cash Flow

Wall Street Mojo

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period. It aids investors in analyzing the company's performance.

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Explaining Bookkeeping in Plain English: What is Bookkeeping?

Peak Frameworks

Bookkeepers are the backbone of an organization's financial health, diligently tracking every financial transaction to ensure accuracy and transparency. They play a pivotal role in not just recording but also making sense of the company's financial data. Recording financial transactions.