How to Record an Accounting Transaction? When an accounting transaction occurs, it can be recorded in the books of an organization in a number of ways. The following bullet points note the most common methods available: Journal entries. The most basic method used to record a transaction is the journal entry, where the accountant manually… Read More »
What are Accounting Transactions? Accounting transactions refer to any business activity that results in a direct effect on the financial status and financial statements of the business. Such transactions come in many forms, including: Sales in cash and credit to customers Receipt of cash from a customer by sending an invoice Purchase of fixed assets and movable assets Borrowing… Read More »
Financial statements refer to a specific set of reports produced in an entity’s accounting system. The objective of these reports is to provide information about the entity. A complete set of financial statements includes 5 components. 1. Statement of Comprehensive Income The Income Statement, also known as Profit and Loss Statement (P&L Statement), shows the results of… Read More »
Doing business without a solid understanding of relevant accounting information is like going on a new trip without a map: It’s not a good idea. Financial statements provide a road map of a business’s journey by distilling the accounting information needed to make an informed decision. However, just as a topographic map will not be… Read More »
What is double-entry accounting? Double-entry bookkeeping is an accounting method where you equally record a transaction in two or more accounts. A credit is made in at least one account, and a debit is made in at least one other account. The double-entry bookkeeping method is based on the idea that every business transaction has… Read More »
C is a procedural programming language. It was initially developed by Dennis Ritchie in the year 1972. It was mainly developed as a system programming language to write an operating system. The main features of C language include low-level access to memory, a simple set of keywords, and clean style, these features make C language suitable… Read More »
In this article, we are going to learn about the basic structure of a C program. A C program is divided into different sections. There are six main sections to a basic c program. The six sections are, Documentation Link Definition Global Declarations Main functions Subprograms So now that the introduction is out of the way, let… Read More »
You have seen the basic structure of a C program, so it will be easy to understand other basic building blocks of the C programming language. Tokens in C Tokens are the smallest elements of a program, which are meaningful to the compiler. The following are the types of tokens: Keywords, Identifiers, Constant, Strings, Operators, etc. printf(“Hello,… Read More »
Data types in c refer to an extensive system used for declaring variables or functions of different types. The type of a variable determines how much space it occupies in storage and how the bit pattern stored is interpreted. The types in C can be classified as follows − Sr.No. Types & Description 1 Basic… Read More »
Constants refer to fixed values that the program may not alter during its execution. These fixed values are also called literals. Constants can be of any of the basic data types like an integer constant, a floating constant, a character constant, or a string literal. There are enumeration constants as well. Constants are treated just like regular… Read More »