Tally Ledgers Groups List, Accounting Groups in Tally 3.0
List of Tally Ledgers Groups List pdf: (Tally ledger under which head). check the complete list of tally ledgers created under the group list of Tally ERP
Accounting
Money measurement concept 2023: Meaning with Examples
Money measurement concept: As per this concept, only those transactions, which can be measured in terms of money are recorded. Since money is the medium of
Various Types of Vouchers In Accounting, Various Voucher Types
Various Types of Vouchers In Accounting, Be it vouching or passing an entry or maintaining regular books of accounts, the knowledge of vouchers & its
Functions of Accounting, Accounting Functions in an Organization
Functions of Accounting: There are certain users of accounts. Earlier it was viewed that accounting is meant for the proprietor or owner of the business,
Accounting Concept: Types of accounting concepts, Analysis
Accounting Concept: Accounting concepts are defined as basic assumptions on the basis of which financial statements of a business entity are prepared. They are used as
Types of accounts, What is Account with Explanation, Example
Typse of accounts: There are 3 types of Accounts i.e Personal account, Real Account, Nominal Account. The term “account” is always used in accounting / Book
Classification of Negotiable Instruments: In Detailed
Classification of Negotiable Instruments, One of the most important things to be kept in mind while studying Law is the concept of Negotiable Instruments. For this
Basic Principles of Accounting, Golden Rules of Accounting
Basic Principles of Accounting and Golden Rules of Accounting. GAAP (Generally Accepted Accounting Principles) is the framework, rules and guidelines of the financial accounting profession with
Business Entity Concept – Intro, Meaning, Effects, Example
Business Entity Concept : Here we are providing complete discussion on Business Entity Concept like Meaning of Business Entity Concept, Main effect of this concept with example and
Download Accounting Heads for Tally in Excel Format
Download Accounting Heads for Tally we are providing a list of all accounting Heads for tally with descriptions. You can find all details of these accounting
Lease Definition: Lease financing, Terms, Types of Lease
Lease – A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right
Maintaining Books of Accounts by Small Business Owners
Maintaining Books of Accounts by Small Business Owners, Check Complete Requirement of Maintenance of Books of Accounts, also check Requirement to Maintain Books And Audit, What
Deferred Revenue Expenditure, What is Deferred Revenue
Deferred Revenue Expenditure: Deferred revenue expenditure is that expenditure for which payment has been made or a liability incurred but which is carried forward on the
Inventory Turnover Ratio: Formula, Analysis, Limitations
The inventory turnover ratio is a common measure of the firm’s operational efficiency in the management of its assets. As noted earlier, minimizing inventory holdings
Top reasons to study for the ACCA qualification 2022
The accounting qualification offered by the Association of Chartered Certified Accountants is a highly sought-after certification and recognised globally. Today, many students who want to
Classification of Errors, Types of Errors (Clerical Errors)
Classification of Errors or Types of Errors: Every concern is interested in ascertaining its true profit and financial position at the close of the trading
12 Terms You Should Know Before Start Studying Accounts
12 Terms You Should Know Before Start Studying Accounts, In order to understand the subject matter clearly, you must understand the following commonly used expressions always
Audit Program for In depth Scrutiny of Ledgers – An Analysis
Audit Program for In depth Scrutiny of Ledgers. Check to Compete Audit Program for Scrutiny of Various Ledgers like – Scrutiny of Debtors, Scrutiny of Creditors, Scrutiny of
Fundamentals of Accounting, Introduction to Financial Accounting
Fundamentals of Accounting: Every individual performs some kind of economic activity. A salaried person gets salary and spends to buy provisions and clothing, for children’s
Difference between Book Keeping and Accounting with Meaning
Difference between Book Keeping and Accounting with Meaning: Book-keeping is an activity concerned with the recording of financial data relating to business operations in a significant
Depreciation: Meaning, Types of Depreciation with Explanation
The word depreciation lays its roots in the Latin word depretiare. ‘de’ means down and ‘pretium’ means price. So, literal translation of the word brings
Remuneration of Directors: Intersection between GST & Income Tax
Remuneration of Directors: Legal aspects, Controversies in Advance Ruling, Intersection between GST and Income Tax. A company is not a natural person. It has no
Capital Expenditure, Meaning with example of Capital Expenditure
Capital expenditure is that expenditure which results in acquisition of an asset or which results in an increase in the earning capacity of a business.
Various Types of Lease: Finance, Operating, Direct, Leveraged
Various Types of Lease, After providing A comprehensive Discussion on Lease Here we are providing complete details for Various Types of Lease. A lease agreement or a rental
Contingent Liability: meaning, definition, explanation, examples
A contingent liability is a possible obligation arising from past events and may arise in future depending on the occurrence or non-occurrence of one or
Capital Budgeting – What is?, Various Techniques or Methods
Capital Budgeting – When we study about Financial Management, we often consider taking decisions regarding investing in which project out of the various available options.
Difference between Cash Flow Analysis and Funds Flow Analysis
Difference between Cash Flow Analysis and Funds Flow Analysis: Companies are evaluated on the basis of their financial performance. But the liquidity of a company
An Introduction to Operating Cycle of Working Capital
Operating Cycle of Working Capital: One of the reasons for business failure is the inability to understand cash flow and manage it effectively. Every business
Ind AS 36, Impairment of Assets | AS 28 and Ind AS 36 (Detailed)
Ind AS 36, Impairment of Assets: The objective of Ind AS 36 is to prescribe the procedures that an entity applies to ensure that its assets
Ind AS 18, Revenue | Difference Between AS 9 and Ind AS 18
Ind AS 18, Revenue: The primary issue in accounting for revenue is determining when to recognise revenue. Revenue is recognised when it is probable that future