Introduction The bank reconciliation statement is commonly asked question in either IGCSE/O Level/AS Examination by the Cambridge University Accounting Examination in which they may seek various definitions, purposes, and the calculations related to this topic. I will discuss all along with bank reconciliation statement to clarify the answers to the questions being asked in the… Continue reading How to prepare bank reconciliation statement: step by step guide
Is Activity Based Costing (ABC) better than Absorption Costing?
Introduction This blog will assist A2 students for their Paper 4 in which very often the question is asked whether to opt ABC or not by the business. Although the question’s weightage is may be 20% of the whole question but worth out of 25 total marks of the question. Overview of Absorption Coting and… Continue reading Is Activity Based Costing (ABC) better than Absorption Costing?
Comparison between Accounting and Bookkeeping
This blog will present the difference between Bookkeeping and Accounting from various aspects to clarify the understanding that how “Bookkeeping is different from Accounting”, which is actually not, because Bookkeeping is part of Accounting. Scope of Accounting and Bookkeeping Accounting is broader in terms of including not only collecting and recording the financial information but… Continue reading Comparison between Accounting and Bookkeeping
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