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Book - keeping and Accounting practically mean the same thing although Accounting usually means work of a higher order. A skillful accountant will prepare accounts in such a way as to show up all the deficiencies and good points of the firm concerned
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Book - keeping and Accounting practically mean the same thing although Accounting usually means work of a higher order. A skillful accountant will prepare accounts in such a way as to show up all the deficiencies and good points of the firm concerned. Thus, he will help management to know not only how strong or weak the firm is financially but also to help the firm take action to remove shortcomings and inefficiencies. Even Economists have found a use for accounting techniques.
As we all know that Accounting is the language of business and with the rise in commercial activities in our country and the world over, more and more people are engaged in various business activities.Hence, the need for accounting knowledge .
This book can be useful for students of various examining bodies. It can help both the beginners and those who are at the advance stage of the subject.
I sincerely and gratefully thank my students, teachers and other readers alike, for making this book popular since it was first published in 1988. With the help of this book students can familiarize themselves with different concepts of Accounting.
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