Accounting

Earnings Per Share (EPS) Definition - The portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company’s profitability. Calculated using Eps=(Net income –…

Truth and Accounting Truth, here we are providing detailed analysis for Truth and Accounting Truth. Truth relates to the reporting of the occurrence or the existence of the state of affairs. In this article we try to providing anything…

Ind AS 27, Separate Financial Statements: The objective of Ind AS 27 is to prescribe the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity prepares separate financial…

Ind AS 111, Joint Arrangements: The objective of Ind AS 111 is to establish principles for financial reporting by entities that have an interest in arrangements that are controlled jointly (i .e., joint arrangements). The Standard…

Ind AS 18, Revenue: The primary issue in accounting for revenue is determining when to recognise revenue. Revenue is recognised when it is probable that future economic benefits will flow to the entity and these…

Ind AS 11, Construction Contracts: Ind AS 11 prescribes the accounting treatment of revenue and costs associated with construction contracts. Because of the nature of the activity undertaken in construction contracts, the date at…

Accounting Treatment of KKC (Krishi Kalyan Cess). Check Accounting Entries for Krishi Kalyan Cess. Check Journal Entries and Adjustments related to KKC (Krishi Kalyan Cess). In this article we provide complete details for Accounting…

Accounting Entries for Service Tax, VAT and TDS . Big organizations are involved in number of transactions happening everyday. These transactions must be recorded in efficient manner since they effect the business results in the…

No Tax Treatment on Advance from Future Sale, Tax Treatment only on Actual Sale, Find complete details for Tax treatment of Advance Money. In this article you can find complete details regarding No Tax Treatment on Advance…