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LiveWebTutors has been providing 24/7, Online Accounting Assignment Help for over a decade. Our experts help the students to solve their queries ranging from simple topics to complex ones. The Homework help team of LiveWebTutors has expert tutors of Accounting who are highly qualified and trained in their jobs having years of experience.
Due to their expertise and excellence in knowledge, they serve the students with fast and accurate answers. For over a decade accounting assignment help from us has been used by a large number of students of accounting to get quick and accurate help on time. This has turned LiveWebTutors into one of the most trusted and preferred Homework Help destinations for the students of Accounting.
The process of identifying, measuring, recording, and communicating the required information related to the economic events of an organization to the interested users is known as accounting. Accounting is also known as the language of business. At the end of each year, businessmen want to know whether they have earned profits or incurred losses during the year. They want to know how much they owe and the amount owed to them etc. To attain such information related to the business, it becomes important to keep a systematic record of each and every transaction of business during the year. If the businessmen keep a complete systematic record, he can know his purchases, sales, expenses during the year.
Also, with this recorded information the financial position of the business can be ascertained for example the proportion of assets, amount to be received, amount to be paid, and amount of capital at the end of the year. When the accounts are maintained properly they prove to be very helpful in the assessment of sales tax, income tax as they are accepted as proof in the eyes of law and courts. While writing an accounting assignment a student has to write the summarised data for all the aspects of accounting which is not easy for any student. In such circumstances, a student must take the accounting assignment help from the experts to submit an assignment worthy of scoring higher grades.
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System of Accounting
(1) Double Entry System: It consists of every transaction having a two-fold effect on the business i.e. debit and credit. A transaction is recorded once on the debit side and again on the credit side. Both the aspects are recorded. This system of accounting proves to be a complete accounting system that is followed by every enterprise.
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