Systems of Accounting, Basis of accounting (Cash Basis & Accrual Basis). Difference between Accrual Basis of Accounting and Cash Basis of Accounting. Cash Basis of accounting: Cash Basis of Accounting is a method of recording transactions by which revenues, costs, assets and liabilities are reflected in the accounts for the period in which actual receipts or […]
Category Archives: Accounting
10
Apr
Apr
Users of Accounting Information: Accounting is of primary importance to the proprietors and the managers. However, other persons such as creditors, prospective investors, etc. are also interested in the accounting information. Generally users of accounts are classifed into two categories, (a) internal management and owners; and (b) external users or outsiders. Management accounting is concerned with […]
09
Apr
Apr
General Journal: This is also known as Journal Proper or General Journal. It is used for making the original record of such transactions for which no special journal has been kept in the business. All transactions are first recorded in the journal as and when they occur; the record is chronological; otherwise it would be difficult to […]
09
Apr
Apr
Basic Principles of Accounting and Golden Rules of Accounting. Guidelines on Basic Accounting Principles and Concepts. Here we provide complete guide for all Basic Concepts or Principles of Accounting with Golden Rules of Accounting. In this article you can find complete details regarding Basic Principles and Golden Rules of Accounting like – Basic Principles of Accounting, […]
06
Apr
Apr
Debt Equity Ratio: Meaning, Formula, Importance. Check Importance of Debt Equity Ratio. Here we provide complete details for Debt Equity Ratio. Find all details related to Debt Equity Ratio like Meaning of Debt Equity Ratio, Formula of Debt Equity Ratio, Importance of Debt Equity Ratio, What is the formula for calculating the debt-to-equity ratio etc. In this article we try […]
06
Apr
Apr
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 a vital role in decisions making by the organization in determining working capital needs. Now check mmore details about “Concept Determining Working Capital Requirement” from below…. Concept Determining Working Capital […]
06
Apr
Apr
Difference Between Convertible and Non Convertible Debentures: Check What is the Difference between Convertible and Non Convertible Debentures. Debentures are the long term debt instruments issued by various institutions and companies. There are many types of debentures in the market based on their convertibility, security, redemption etc., Here we are discussing about the convertibility. In this […]
06
Apr
Apr
Should Accountants learn to Code?: By the heading, you may get confused with what this article is exactly about? Let me give you some background of the subject. Artificial Intelligence (AI) is no longer a pipe dream, and robotic process automation (RPA) is already here and displacing blue collar workers and professionals alike. People like […]
05
Apr
Apr
Marginal Costing Introduction, Meaning and P. V. Ratio. Be it CA IPCE or CA FINAL, or CS or CMA or professional work, Marginal Costing has occupied a very important place in all these areas. It is not at all a difficult topic, but many students find it difficult due to lack of basic knowledge on that […]
05
Apr
Apr
Truth and Accounting Truth – Detailed Analysis, Hi Friends 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 related to Truth and Accounting Truth – Detailed Analysis, Hi Friends here […]