Posts of - Accounting

Limitations of Accounting, Disadvantages of Accounting (Detailed)

Limitations of Accounting, What are the Limitations of Accounting: Accounting is not fully exact: Accounting is influenced by…

ByByCAknowledgeAug 15, 2024

Accrued Liabilities: Meaning, Definition with Examples

An accrued liability is a current liability and it arises as a result of work performed and acknowledged…

ByByCAknowledgeAug 15, 2024

Ind AS 16: Property, Plant, and Equipment | IndAS 16 Vs AS 10

Ind AS 16 – Property, Plant, and Equipment: The objective of IndAS 16 is to prescribe the accounting…

ByByCAknowledgeAug 15, 2024

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 the preparation and presentation…

ByByCAknowledgeAug 15, 2024

Difference between Capital Receipts and Revenue Receipts

Difference between Capital Receipts and Revenue Receipts: Receipts that are not of a revenue nature are capital receipts.The…

ByByCAknowledgeAug 15, 2024

Balancing Ledger Accounts, Ledger accounts balancing procedure

Balancing Ledger Accounts: Balancing an account means the process of equalizing the two sides of an account by…

ByByCAknowledgeAug 14, 2024