Accounting for Rectification of Errors, To err is human! So, it is obvious that while we are doing the accounting of an entity, we can

Cash Basis Vs Accrual Basis of Accounting, We all have heard about the cash basis and accrual basis of Accounting, but here we will do

Steps to Locate Errors: Even if there is only a very small difference in the trial balance, the errors leading to it must be located

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

What is Net Salary, Concept of Net Salary and Gross Salary? Calculation of Net Salary and Gross Salary. When we become professionals, most of us

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