The full form of SSC CGL2020 is the Staff Selection Commission Combined Graduate level examination.
SSC CGL2020 preparation requires good knowledge of current affairs.
Managing money and investment for individuals, corporate's and government institutions in activities like saving, investment, borrowing, lending, budgeting, and forecasting is known as finance.
There are three types of finances:
Accounting: The process of recording financial transactions relating to business in a useful way.
Accounting is essential in various ways:
Type of users of accounting information
Fundamental Principles of Financial Accounting:
It is a specialized branch of accounting that deals with the process of recording, analyzing and reporting financial business transactions over a while. In financial accounting, there are four underlying assumptions. These assumptions are as follows:
Financial accounting is the recording of commercial information following general accounting principles.
Double Entry System: The core of financial accounting is the Double Entry System of bookkeeping.