Branches of Accounting: Accounting has universal application for recording transactions and events and presenting suitable information to aid decision-making regarding any type of economic activity ranging
Debt Equity Ratio: The debt-equity ratio is an indication of the relationship between the contribution of the creditors and shareholders /owners in the capital employed
Value Added statement is another form of understanding the performance or profitability of an enterprise. It shows how the benefits of the efforts of an
Costing: Preparation & Presentation of cost records and cost statements is the responsibility of the Management. Therefore, Cost Accounting Standards are guidelines for the companies [for
IndAS 23 Borrowing Costs: It is quite common where an entity borrows funds for meeting its various business needs like the acquisition of the building,
Accounting is a very important part of running a business. Apart from managing taxes, it helps with maintaining the finances of the company. Knowing your
Rent Control Act has been enacted and implemented by all the State Governments to protect the legitimate rights of the tenants. Primarily it focuses on
The loss suffered by a company on the sale of fixed assets, The loss suffered by the business in the ordinary course of business is
Contingent Assets and Contingent Liabilities: A contingent asset is a potential asset associated with a contingent gain. Unlike contingent liabilities and contingent losses, contingent assets and contingent gains are not recorded in accounts, even when they are probable and the
Internal Rate of Return (IRR) is that rate of return at which the present value of cash inflows is equal to the present value of
Systems of Accounting, Basis of accounting (Cash Basis & Accrual Basis). Difference between Accrual Basis of Accounting and Cash Basis of Accounting. Cash Basis of accounting:
How to Finalize Balance Sheet & Analysis of Balance Sheet. A balance sheet is a summary of a business’s finical health on any given day. It
Difference Between Net Salary, Gross Salary and CTC. Difference between Various Types of Salaries!. The thing for which we wait for the entire month, the
Types of Cash Book: Cash book is the book in which all transactions concerning cash receipts and cash payments are recorded. Cash Book is in
Steps to Locate Errors: Even if there is only a very small difference in the trial balance, the errors leading to it must be located and
Fund flow statement also called as statement of “source and application of funds” which provides insight into the movement of funds and useful to understand
The cost of capital is a term used in the field of financial investment to refer to the cost of a company’s funds (both debt
Cash Flow Statement : A statement of cash flows contains information about the flows of cash into and out of a company, and the uses to
What is Net Salary, Concept of Net Salary and Gross Salary. Calculation of Net Salary and Gross Salary. When we become professionals, most of us go
Balance of payments (BOP) & Its components. The term “balance of payments” includes all payments and obligations made to outside countries against all payments and
Cash Basis Vs Accrual Basis of Accounting, We all have heard about the cash basis & accrual basis of Accounting, but here we will do a
Accounting for Rectification of Errors , To err is human! So, it is obvious that while we are doing the accounting of an entity, we can
Capital Structure: Find Capital Structure Definition and factors to be considered in its formulation process. In this article you can find complete details for Capital
What Is Debit Note and Credit Note: here we are providing complete details for Debit Note and Credit Note. In this article you can find
Audit Program for Vouching and verification of Transaction: Program planning regarding the nature, extent, and timing of procedures is critical to audit efficiency and effectiveness.
Periodicity Concept – According to this concept accounts should be prepared after every period & not at the end of the life of the entity. Usually
Employees Stock Option Plan (ESOP). Here we are providing complete details for ESOP (Employees Stock Option Plan). In this article you can find full details
AS 1 – Disclosure of Accounting Policies. This Standard deals with the disclosure of significant accounting policies which are followed in preparing and presenting financial
Fairness and Accounting Fairness: Some words, frequently used in accountancy, do not connote its etymological or philosophical meaning. This paper tries to find the gap between
Difference between Management Accounting and Financial Accounting: Business is an economic activity undertaken with the motive of earning profits and to maximize the wealth for