Accounting has been defined as the keeping or preparation of the financial records of an entity, the analysis, verification and reporting of such records and “the principles and procedures of accounting”
Finance and accounting is one of the most important part of any organization.It is a fundamental part of how business is done around the world.Accounting can be divided into several fields including financial accounting, management accounting, auditing, and tax accounting
Generally students face problems in preparing Financial Statements of business including its Balance Sheets with assessment of assets, liabilities, profits gained, losses incurred, income statements etc.
In addition to these difficulties students often face problems in terms of cost allocation, cost analysis, cost accounting etc.
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