Basics of Accounting Public Class

About the Class

Every business transaction is accounting itself. No accounting means no business. Accounting is the base of every business. If there is no proper accounting, then there may be loss in the business. So accounting is utmost important for making transaction pure and feasible. Accounting helps to find out net profit after deducting expenses. This accounting is done for particular period which is called as accounting period. All transactions whether accrued or incurred during this period are consider in this period. This Accounting period is depend upon business of concern. Normally it start from April and ends on march in India. It is basic understanding of accounting.

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Keywords: accounting, business transaction, net profit, accounting period, mathematics