After East India Company, Wadia groups of Industries is the first Indian Company to open in India. The Wadia Group is one of the oldest conglomerates of India. The group was founded by Parsi Lovji Nusserwanjee Wadia in 1736. Lovji Wadia secured contracts with the… Read More »History of first company opened in India?
POINTS BOOK-KEEPING ACCOUNTANCY 1. Meaning It is concerned with recording and classifying the business transaction. It is related with recording, classifying, summarising, analyZing and interpreting the financial data. 2. Stage Book-keeping is the primary stage in accounting. It is the base for accounting. Apart from… Read More »DIFFERENCE BETWEEN BOOK-KEEPING AND ACCOUNTANCY
In the double-entry, debits and credits are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account.… Read More »WHY DEBIT IS CALLED “DR” AND CREDIT IS CALLED “CR” IN ACCOUNTS?