IndAS 23 Borrowing Costs: Definition, Scope, Treatment, Disclosure
IndAS 23 Borrowing Costs: Definition, Scope, Treatment, Disclosure: It is quite common where an entity borrow funds…
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Accounting
Features of the Ledger Account, The Features of Ledger Account
Features of the Ledger Account: After recording the transactions in the journal, recorded entries are classified…
What is Net Salary, Concept of Net Salary and Gross Salary
What is Net Salary, Concept of Net Salary and Gross Salary. Calculation of Net Salary and Gross Salary. When we…
Contingent Assets and Contingent Liabilities – A Detailed analysis
Contingent Assets and Contingent Liabilities: A contingent asset is a potential asset associated with a contingent …
Capital Receipts and Revenue Receipts, Check out Major Difference
Capital and Revenue Receipts: Capital receipts comprise of payments or contributions into the business by the…
Sub Fields of Accounting, Types or branches of accounting 2020
Sub Fields of Accounting, Types or branches of accounting. Accounting is a system meant for measuring business…
Suspense Account, What Is a Suspense Account? with Examples
Suspense Account: When a trial balance does not agree, efforts are made to locate errors and rectify them. However,…
Going Concern Concept – definition, explanation and examples
Going Concern Concept - The financial statements are normally prepared on the assumption that an enterprise is a…
Ind AS 7 – Statement of cash flows, Applicability, Scope, Objective
Ind AS 7 Statement of Cash Flows - Ind AS 7 prescribes principles and guidance on preparation and presentation of…
Difference Between Convertible and Non Convertible Debentures
Difference Between Convertible and Non Convertible Debentures: Check What is the Difference between Convertible and…
Concept Determining Working Capital Requirement (All Details)
Operating Cycle Concept: Concept Determining Working Capital Requirement, In today’s world, Operating cycle of…
Users of Accounting Information, who can use accounting info
Users of Accounting Information: Accounting is of primary importance to the proprietors and the managers. However,…