Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance: This Standard shall be applied in accounting for, and in the disclosure of,
Sub Fields of Accounting, Types or branches of accounting. Accounting is a system meant for measuring business activities, processing of information into reports and making
Acid Test Ratio or Quick Ratio.The basis for financial analysis, planning and decision making is financial statements which mainly consist of Balance Sheet and Profit
Ind AS 23, Borrowing Costs:Borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset form part of the cost
How Yoga and Spirituality can Help in Studies. Throughout history, India has perhaps been the only country and civilization where science and religion were never
Comparison between Capital Expenditure and Revenue Expenditure, check out difference between capital Expenditure and Revenue Expenditure. Capital Expenditure: This represents expenditure incurred for the purpose
Operating Cycle Concept: Concept Determining Working Capital Requirement,In today’s world, Operating cycle of Working capital is something that has acquired a huge importance and plays
Internal Audit and Internal Financial Control,According to Companies Act 2013, Internal Financial Control (IFC) is a procedure to follow proper policies, such as prevention and
Accounting Estimates:Earlier we have learned how to measure a transaction, which had already taken place and for which either some value/money has been paid or
Strategic Cost Management, presents a comprehensive coverage of modern cost management techniques to fulfil the needs of business organizations in the new competitive environment. This
Services which can’t be provided by Statutory Auditors.As per SEC 144 OF THE COMPANIES ACT 2013 Auditor should not render the following services to the
Ind AS 40, Investment Property :The objective of Ind AS 40 is to prescribe the accounting treatment for investment property and related disclosure requirements.Investment property
Features of the Ledger Account: After recording the transactions in the journal, recorded entries are classified and grouped into by preparation of accounts. The book
What is Mutual Fund: In this article, we provide what is mutual fund. and full introduction of mutual-fund. After providing Featured and Important components of
Accounting for Not for Profit Organisation, CheckAccounting for non profit organisations, A Not for Profit Organisation prepares their financial statements in the following form: i)
Double Entry System Advantages and Disadvantages: Any business transaction involves at least two accounts which we call as Debit and credit. As said above ,
Deduction Of Principal of Housing loan and Its Interest Component. Tax Benefit on Housing Loan. In this article you can find complete details for Deduction
Ind AS 116 sets out the principles for the recognition, measurement, presentation and disclosure of leases and faithful representation of the transactions by lessees and
Limitations of Accounting, What are the Limitations of Accounting:Accounting is not fully exact: Accounting is influenced by the personal judgment in respect of various terms.People