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Financial Accounting Tutorialspoint PDF Form

Financial Accounting Tutorialspoint PDF Form

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in this video we are going to discuss about accounting in financial management so what is accounting and how the accounts will be maintained in financial management coming to accounting a mechanism to track what has been spent and where it has been spent so will be having a clear accounts of what needs to be purchased at how much somewhat we have to provide to get that purchase so if you take an example of a software is required for an organization so they need fire licenses so per license it cost example of 200 rupees so for five licenses it cost thousand rupees so this will be maintained in a separate Ledger's or sale reeds etc will be maintained in account so we can know what has been spent and where it has been spent maintain accounts of incoming and outgoing Monetary Fund here Monetary Fund is actually involved with money so Monetary Fund of incoming and outgoing will be maintained in the accounts accounting involves maintaining detail Ledger's of daily expenditure

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