What is Accounting?

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash flows.

Documents Required

1.Invoice & bill

2.Cash memo

3.Receipt

4.Pay in slip

5.Cheque

6.Debit note

7.Credit note

8.Vouchers