As a Muslim, it is our faith that the Holy Quran is a comprehensive code of life and is a complete Source of Guidance to us in conduct of all our worldly affairs. The Holy Quran lays great stress on “KITABAT” (recording in Black and White), particularly writing down of financial and business transactions. The contents of Verses 282 …
Read More »1.2: Evolution of Accounting
Just like Science, Arts or other social or economic field of human life, Accounting also has a history. If we study the civilization of mankind, then we can say that in every period, there was a recording of business and financial information. With the developement of society, the techniques of recording business information also changed and now-a-days, it become …
Read More »1.1: INTRODUCTION
The word “ACCOUNTING” means “Language of Business“. The business managers,cashiers and salesmen use the term accounting to explain the business events. You will find that many of the terms used in accounting have obivious different meanings in non-accounting usage. If you need the knowledge of accounting you will have to know about the business operations and the basis on …
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