Difference between Management Accounting and Financial Accounting: Business is an economic activity undertaken with the motive of earning profits and maximizing wealth for the owners.
Audit Program for Vouching and Verification of Transaction: Program planning regarding the nature, extent, and timing of procedures is critical to audit efficiency and effectiveness.
Going Concern Concept: The financial statements are normally prepared on the assumption that an enterprise is a going concern and will continue in operation for the
Accounting Standard 28 Impairment of Assets: The objective of AS 28 is to prescribe the procedures that an enterprise applies to ensure that its assets
Difference Between Net Salary, Gross Salary, and CTC. Difference between Various Types of Salaries! The thing for which we wait for the entire month, the