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Since the man began to live in society forming the first communities and having a better organisation, the resources or goods required to control or management to provide a correct distribution or use. So it began to perform various activities to avoid losses and have the best possible performance, giving rise to what is now Accounting, one of the most useful sciences in the business world.

Accounts can be referred to as the record of the transactions. The amount debited and credited is recorded in the cash account of the company. In other words, in accounts, there is the maintenance of the record of the customer relationship.

The tool used in this Social Science is precisely the realisation of Accounts, which consists of the grouping of different Monetary Operations that are applied directly to the Equity of an entity, having different names depending on what is being analysed.

It can be known as Active and Passive, or the most well-known and applied form even in the household of Income and Expenses.

This not only allows us to elaborate a greater control of what we have available to use or what debts we must solve, but also to provide a point of view in the Investment Decision if it is possible to carry them out, allowing a fundamental tool for Growth and Development as much of a social group as it is a Company or Company where a wrong decision making can be a serious economic damage.

Each of these Accounts is subsequently collected and demonstrated in the preparation of the Accounting Books, which allows a document to be set up for subsequent Controls and Audits to verify the operations carried out.


The accounts are classified first into two large groups:


This group will be represented by the assets, rights and obligations of the company, that is, they are composed of assets, liabilities and capital; these are called real accounts because the balance of this account represents what a company has at a given moment, that is, what he owns, what he owes, and what can be proven by the good or by the existing document; that is why some authors point to palpable accounts.

Also, real accounts have the characteristics of being permanent accounts that is; your balance is transferred from one balance to another, the real accounts will confirm the financial statement as is the "Balance sheet".


Their main characteristic is that they are temporary accounts, they last open for the accounting period of the company, and at the end of this, they are closed, and their result is transferred to the capital account which is ultimately the account that will be affected by the profit or loss of the business.

The nominal accounts are created each year of the company to record the income, costs, expenses, losses and consequently to be able to determine the results obtained by the company in that year, for that reason it is known as the income statement.

In addition to the real and nominal accounts, we also find the Mixed accounts and the Order accounts.

MIXED ACCOUNTS are those accounts whose balance at a certain date is composed of a real part and a nominal part; however, at the close of the economy, all your balance must be of real nature as, some prepaid or deferred.

ORDER ACCOUNTS are those accounts that control certain transactions or transactions that do not affect the asset, liability, equity or operations of the period, but in one way or another, the transactions that generated them imply some responsibility for the company and as a consequence, it is necessary to establish some kind of control over them.

The memorandum accounts are presented at the bottom of the balance sheet, the debtors under the total of the assets and the creditors below the total liabilities and equity.

Memorandum accounts are characterised by being denominated both the debtor and the creditor in the same way, but with the difference that the per-contra suffix is added to the credit account.

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