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
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
Capital Structure Meaning: What is Capital Structure? & Various Types of Capital Structure. When we plan to invest in a project, we also need to
Accounting Principles : Accounting is a language of the business. Financial statements prepared by the accountant communicate financial information to the various stakeholders for decision-making
Activity ratios indicate the efficiency with which a business uses its assets, such as inventories, accounts receivable, and fixed assets. Details for Inventory turnover ratio,
Difference between Capital Expenditure and Revenue Expenditure: The following are the points of distinction between capital expenditure and revenue expenditure: The Revenue Expense relates to 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
Accounting Equation: The accounting equation that is the foundation of double entry accounting. The accounting equation displays that all assets are either financed by borrowing money or paying with the money
Ind AS 21, The Effects of Changes in Foreign Exchange Rates: An entity may carry on foreign activities in two ways. It may have transactions in
Ind AS 10: It is impossible for any company to present the information on the same day, as the day of reporting. There would always
Capital Profit and Revenue Profit: Capital profit which is earned on the sale of the fixed assets, The profit which is earned during the ordinary course
Balance of payments (BOP) & Its components. The term “balance of payments” includes all payments and obligations made to outside countries against all payments and