Basic Accounting Principles

We have explored various sources such as books, magazines, and encyclopedia in order to get some information about Basic Accounting Principles or to be aware of its basic terms so that we would be able to manage our businesses well. Generally, we come across the definition as similar as this is mentioned here about accounting is "The act of recording and maintaining the financial records and transactions of any business is usually known as accounting". But wait for a moment, with these three written words "recording financial transactions" can anyone become an expert in accounting or know it well? Of... Read More