Category Archives: Basic Accounting

Accounting Concepts Definitions Part : 2 ( The Relevance Concept )

3. The Relevance Concept Accounting concepts have different alleys. You have already been introduced to the first two and now time to dive deep. [Remember that the topic (Accounting concepts) in discussion here is not merely one concept or, a collection of some and solely so. But, it is based on something different. Here you […]

Accounting Concepts Definitions Part : 1 (The Going Concern concept, Accounting Period concept)

Accounting Concepts – What are they? Every accounting student must have felt the same in their primary stages and that’s because all the roar about accounting concepts and the apparent failure to learn them effectively. For now feel free, because all your confusions and fears about such stuff are going to be blown apart and […]

Accounting Definition: What Is Accounting?

Accounting Definition : What is accounting? Any student of accounting faces the perennial problem and that is define his/ her subject to the fullest. Many may ask why? My simple answer to that- because of time. Time has changed the focus of this field and also expanded the field to the point of getting user […]