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
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,
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
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
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
List of Tally Ledgers Groups List: (Ledger under Which Head). check complete list of tally ledgers created under group list of Tally ERP 9 AND Earlier tally
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