SSC

Composition of Blood

“Blood” is regarded to be the combination of cells and plasma that tends to circulate in the entire body. “Blood” is associated with offering the human body with essential substances that consist of sugar content, oxygen and hormones that are supplied to different organs and cells. “Blood” circulation is important for removing the wastes that […]

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Biology, SSC

Cell Division

A Cell in biological terms can be defined as the tiniest unit of any “organism” that consists of a nucleus. It is the smallest “structural unit of an organism” and is capable of performing functions independently. The cell consists of “cytoplasm”, generally one nucleus, and several other “organelles.” An animal or plant cell can grow,

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Biology, SSC

What is a Profit and Loss Appropriation Account?

Profit and loss allocation is crucial to a company’s long-term success. In other words, the P&L Appropriation Account is vital to a company’s success. Appropriation accounts are vital for businesses, particularly partnerships because they allow the net of expenditures and income to be distributed. Let’s dig a little deeper into the profit and loss statement

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Basic Concepts of Accounting, SSC

Valuation of Inventory: An Overview

Inventory is a critical current asset that impacts corporate performance and profits. It determines the cost of products sold and the worth of unsold products in storage. In simple words, when an enterprise prepares its financial statements, inventory valuation helps determine the value of unsold goods. The evaluated inventory is included in the financial accounts.

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Basic Concepts of Accounting, SSC

Source Documents of Accountancy

These documents are the first record regarding any detail of the business transactions. The source documents consistently report the date, time, amount, and nature of the transactions. In simple words, from the source documents of accountancy, the transactions are recorded in the books of accounts. These documents of accountancy provide authentic proof of the recorded

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Basic Concepts of Accounting, SSC