Any business or organization in which services and goods are exchanged for one another or for money is called business. It can be a for-profit entity or a non-profit organization involved in business activities, such as an agricultural cooperative.

Important Bookkeeping Terms

Important Bookkeeping Terms: Before attempting to learn the art or science of bookkeeping it will be better to clarify some of the terms that will have to be used again and again. Transaction: Any dealing between two persons or things in a transaction. It

Need for Managerial Accounting Information

Need for Managerial Accounting Information: Learning objectives of this article: What is the need of managerial accounting in organizations and business firms? Every organization – large and small-has managers. Someone must be responsible for making plans, organizing resources, directing personnel, and controlling operations. Every where mangers carry out