Advanced Accountancy
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SHIVAJI UNIVERSITY, KOLHAPU
2015
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loginThe Industrial Revolution in 1860 has changed the nature of business from smallscale industry to large industries. It increased the volume of trading operationsnecessiting the use of more capital. The required capital was collected from variousscattered share holders. The management of business is being done by employed(salaried) persons. Therefore the owner (shareholders) wants to know the financialpositions of their business. It necessited the use of proper checking of accounts.
