Jun 21, 2007
|One of the objects of accounting is to determine whether the business has earned profit or it has suffered loss. For this purpose, profit and loss account is prepared. Total expenditure incurred by the business is divided in two categories: One portion is charged against revenue while the other is shown in the balance sheet as asset. The former is known as revenue expenditure and the latter as capital expenditure. While preparing the final accounts, all revenue items are included in the revenue account i.e., manufacturing, trading and profit and loss account and all capital items in the balance sheet. Any error committed in distinguishing between 'Capital' and 'Revenue' will affect the ascertainment of profit. |
POS Software, POS Hardware, Bar Code Printer, Accounting Software, Click for information on share accounting software for business software. Billing, POS, Point of Sales, Inventory Control, Accounting Software with CRM for Traders, Dealers, Stockists etc. Modules: Customers, Suppliers, Products / Inventory, Sales, Purchase, Accounts & Utilities. Free Trial Download.
HiTech Group: Accounting software, business management software, See details of Accounting, Billing, Inventory Control Software, accounting tutorial. Security Industry accounting software, Alarm dealer accounting software, systems integrator accounting software, AlarmKey software and job cost software, accounting software for hotels, hospitals.
Business Management, Accounting Software with MIS, CRM, Related to automobile accounting in software and web applications for business. Download free trial of Financial Accounting and Business Management software for Trading, Industry, Business and services. Web based applications and software (Software that run in Browser) for business.