Articles By Lakshit Choudhary
Ind AS 16: Property, Plant, and Equipment | IndAS 16 Vs AS 10
ByInd AS 16, Property, Plant, and Equipment: The objective of Ind AS 16 is to prescribe the accounting treatment for property, plant, and...
Ind AS 7: Statement of Cash Flows, Difference In IndAS 7 Vs AS 3
IndAS 7, Statement of Cash Flows: Ind AS 7 prescribes principles and guidance on preparation and presentation of cash flows of an entity from
Difference between Capital Receipts and Revenue Receipts
Difference between Capital Receipts and Revenue Receipts: Receipts which are not of revenue nature are capital receipts, The Receipts which
Balancing Ledger Accounts, Ledger accounts balancing procedure
Balancing Ledger Accounts: Balancing of an account means the process of equalizing the two sides of an account by putting the difference on..
Accounting Standard 10 (AS 10): Property, Plant and Equipment
Accounting Standard 10 (AS 10) - Accounting for Fixed Assets. The objective of this Standard is to prescribe the accounting treatment for...
Ind AS 2: Inventories, Difference Between IndAS 2 and AS 2
IndAS 2 - Inventories constitute a major portion of current assets of an entity. A primary issue in accounting for inventories is the amount of cost.
Backorder: Importance, Backorder costs with Easy Example
Backorder: Placing an order for an item that is temporarily out of stock is called backordering. When you place an item on backorder we will
Marginal Costing Introduction and Calculation of P. V. Ratio
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.
Meaning of Accounting, Scope of Accounting, Types of Accounting
Meaning of Accounting: According to AICPA, Accounting is the art of recording, classifying and summarizing in a significant manner. Scope...
