Cash Basis Vs Accrual Basis of Accounting – The difference

Cash Basis Vs Accrual Basis of Accounting

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 detailed analysis of these two forms of Accounting. We will study about what these two forms of Accounting are, what are the differences between them & when & where are … Read more

Accounting for Rectification of Errors – Classification, Suspense

Accounting for Rectification of Errors

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 make mistakes. But more important is to analyze & correct the mistakes. So here, we are providing the basics of Accounting for Rectification of Errors. Here, we will have a … Read more

Capital Structure Meaning: What is? & Types of Capital Structure

Capital Structure Meaning

Capital Structure Meaning: What is Capital Structure? & Various Types of Capital Structure. When we plan to invest in a project, we also need to plan about procuring funds. And, procuring funds is not the end; we also need to decide the best composition of debt & equity so that we can get maximum funds … Read more

Accounting for Not for Profit Organisation, Accounting for Special Items

Accounting for Not for Profit Organisation

Accounting for Not for Profit Organisation, Check Accounting for non profit organisations, A Not for Profit Organisation prepares their financial statements in the following form: i) Income & Expenditure Account & ii) Balance sheet Generally, such organizations also prepare a Receipt & Payment Account. Accounting for Not for Profit Organisation Must Read – Various Types of Vouchers … Read more

Udyog Aadhaar: Eligibility, Registration, Benefits, Apply Online

Udyog Aadhaar

Udyog Aadhaar is Aadhaar for Business. It is a twelve digit Unique Identification Number provided by Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises in India. It was launched in September 2015 with the purpose to promote small businesses. Since its launch, approximately 87 Lacs businesses have registered … Read more

Net Present Value (NPV): Meaning of NPV, How to Calculate NPV

Net Present Value NPV

Net Present Value (NPV): Present value of cash flows minus initial investments, The Net Present Value (NPV) method as an investment appraisal or capital budgeting technique shows how an investment project affects company shareholders’ wealth in present value terms. Maximizing shareholders’ wealth is an important goal for management, and investment projects with positive NPV are … Read more

Meaning of Accounting, Scope of Accounting, Types of Accounting

Meaning of Accounting, Scope of Accounting, Functions & Types of Accounting

Meaning of Accounting: According to AICPA Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the results thereof. Scope of Accounting, Functions of Accounting, Type of Accounting, Used of Accounting, Limitation … Read more

Registration of Insurance Company – Check Full Procedure

Registration of Insurance Company

Registration of Insurance Company – Check Full Procedure. Understanding The Rules Regarding Registration Of Insurance Company, The procedure for application of registration of an insurance company is very cumbersome. We have made an effort to simplify the steps to be followed for the registration of an insurance company. Registration of Insurance Company The Insurance Act, 1938 … Read more