These are books in which accounting transactions are first recorded before been posted to their various accounts in the ledger. Subsidiary books are also called books of prime entries or… Read More »The Types and Uses of Subsidiary Books in Accounting
The preparation of different books of accounts including the subsidiary books by an accountant relies on some known and widely accepted documents that are exchanged between two or more parties… Read More »Seven (7) Types and Uses of Source Documents
Maintaining a clean kitchen is a good thing to do because keeping your environments clean is not only good, but also has an amazing feeling of relaxation attached to it.… Read More »5 Amazing Tips for Maintaining a Clean Kitchen
One of the things that are common in the preparation of accounting records by accountants is the rules that they follow. The laid down rules that are complied with in… Read More »The 11 Basic Accounting Concepts and Conventions
The reports generated by the financial and management accountants are useful to different groups of people depending on what they need from the report. This article focuses on the uses… Read More »The Main 6 Users of Accounting Information
Accounting information is put into different uses as explained below. Accounting information is useful to predict and evaluate company’s cash flows which creditors, loan providers and those in similar category… Read More »The Uses of Accounting Information
If you have ever folded (bend) any paper into the shape of a heart, then you should be familiar with how to make a heart out of a gum wrapper… Read More »How to Make a Heart Out of a Gum Wrapper
Accounting consists of all the processes in designing and operating an efficient accounting information system that leads to the collection, recording, measuring, summarizing, analyzing and communicating of the results of… Read More »The 11 Accounting Functions in Organization Information System
Sales journal is a book of original entry used to record all goods sold and services rendered on credit to a third party in the order in which they occurred… Read More »Sales Day Book or Sales Journal and Its Uses
The functions of accountants are multi-facet because it covers all the process involved in the conception of a business idea, the birth of the business, its sustenance, and possibly the… Read More »The Nine (9) Functions of Accountants
Accounting as a form of knowledge and profession consist of different branches as explained below. 1. Financial Accounting Financial accounting started from stewardship duty and is concerned with the keeping… Read More »The Five (5) Branches of Accounting
The release of accounting information is not a guarantee that such report is correct. There are basic tests to which any accounting report could be subjected. These tests are the… Read More »The 8 Qualities of Good Accounting Information
Every business organization is expected to keep its financial records accurately and in an orderly manner. This task is expected to be performed by an accountant engaged for such purpose… Read More »Definition of an Accountant and the Essential Features of a Business Organization
Like any other discipline or course, accounting did not evolve suddenly, but the beginning of accounting was stewardship, where a person is employed on someone else’s property and the employee… Read More »The Scope and Five (5) Natures of Accounting
The nature of the products-intangibility makes it imperative that marketing techniques be used to inform or tell customers exactly what they are buying and what range of the services are… Read More »Need for Marketing in the Financial Service Industry
Your skills are those qualities that makes you unique and differentiates us all from each other of which it can be used as a side hustle and monetized if properly… Read More »8 Steps on How to Turn Your Skills into a Lucrative Side Hustle
The conditions for effective market segmentation are: 1) Measurable: There must be some ways of measuring the size and purchasing power of the segments. 2) Accessible: The firm (Bank) should… Read More »Characteristics of Effective Market Segmentation
Three strategic options are open to marketers indeed organizations, in choosing markets and products to use in serving the markets. These are mass marketing/undifferentiated marketing, product variety/product differentiation marketing, and… Read More »Service Market Segmentation Strategy
Products of the financial services industry are intangible and therefore cannot decay, deteriorate, depreciate or form. Financial services cannot be inventoried just as physical goods can. Prices of financial services… Read More »Features of Financial Services and Conditions for Effective Entrepreneurial Marketing
These are services being rendered by financial institutions such as Banks, Insurance Companies, Finance Houses, Pension Funds, Stock dealers and brokers, etc. Financial institutions most especially banks are economic growth… Read More »Meaning of Financial Services and Categorization of Financial Institutions
Here’s a complete guide on how to produce liquid soap. Hydrometer or limos paper should be used to test the acidity of the solution which is normally caused by caustic… Read More »How to Produce Liquid Soap
Market segmentation is defined as the subdivision of a market into a homogeneous subset of the customers, where any subset may conceivably be selected as a market target to be… Read More »Definition and Meaning of Market Segmentation
Denso (2004) says a partnership is an association of two to twenty persons carrying on a business in common with the view of making a profit. The partners contribute both… Read More »Features and Advantages of Partnership as a Kind of Business