Finance

TDS Rate Chart 2019-20 (Assessment Year) TDS (Tax Deducted at Source). Introduction of TDS. The concept of TDS was…

LSAT that is Law School Admission Test plays a very prominent role for the top and reputed law school application.…

A contingent liability is a possible obligation arising from past events and may arise in future depending on the…

Deferred revenue expenditure is that expenditure for which payment has been made or a liability incurred but which…

Cash Book - Every business activity ultimately result in cash, therefore, recording of transaction involving cash…

Trial Balance - We know that the fundamental principle of Double Entry System id accounting is that for every…

Petty Cash Book - The cash book as seen above is used for recording all major payments. But, in every business a…

Journal Introduction:- The word ‘Journal means’ a daily record. Journal is derived from French word ‘Jour’ which…

Double Entry System - Under this system a proper and full record of all transaction is made every transaction has a…

Dual Aspect Concept - Every Transaction has two effects: Debit and Credit. Both are opposite and equal also known…

Conservatism Concept - Conservatism states that the accountant should not anticipate income and should provide for…

Cost Concept - By this concept, the value of an asset is to be determined on the basis of historical cost, in other…