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What is the Accounting Cycle?

Peak Frameworks

Welcome to a comprehensive exploration of the Accounting Cycle , a critical concept every finance professional should master. It is the backbone of financial record keeping, driving the operation of businesses worldwide. These principles ensure consistency, accuracy, and reliability in the world of finance. Closing the Books.

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Double Entry System of Accounting – Meaning & Benefits

Razorpay

The double-entry system is a method of bookkeeping that records financial transactions in two accounts. Simply put, the double entry system means that every financial transaction is recorded in at least two different accounts: one account is debited (money going out) and another account is credited (money coming in).

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B2B Cross-Border Payments: The Complete 2025 Guide for Indian Businesses

Razorpay

Key Aspects of B2B Cross-Border Payments: 2025 Snapshot B2B cross-border payments are financial transactions between businesses located in different countries. Inter-Company Fund Transfers: Indian MNCs and startups with global offices need to efficiently manage finances between their parent companies and overseas subsidiaries.

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What is Accounting?

Razorpay

Accounting is the process of recording a business’s financial transactions. It offers insight into the finances of a business. Every single financial transaction made for or by the company is recorded in various books of accounts, starting with the Journal. We will decode each book in the coming blogs.

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Single Entry System of Accounting

Razorpay

Accounting is the process of recording all financial transactions of a business over its lifetime. So you will record the sale of 4 Loaves in your books. Deep dive into Single Entry Bookkeeping In single entry bookkeeping, you keep a cash book to log income and expenses. There are two major kinds of accounting.

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Statement of Cash Flow

Wall Street Mojo

Such activities can be analyzed in the financial section of the company's cash flow statement. It accounts for three major business activities in which cash is exchanged, i.e., operating, investing, and financing. The operating activities include everyday business cash transactions. read more. read more.

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Explaining Bookkeeping in Plain English: What is Bookkeeping?

Peak Frameworks

Bookkeepers are the backbone of an organization's financial health, diligently tracking every financial transaction to ensure accuracy and transparency. They play a pivotal role in not just recording but also making sense of the company's financial data. Recording financial transactions.