Limitations of Accounting, What are the Limitations of Accounting: Accounting is not fully exact: Accounting is influenced by…
An accrued liability is a current liability and it arises as a result of work performed and acknowledged…
Ind AS 16 – Property, Plant, and Equipment: The objective of IndAS 16 is to prescribe the accounting…
IndAS 7, Statement of Cash Flows: Ind AS 7 prescribes principles and guidance on the preparation and presentation…
Difference between Capital Receipts and Revenue Receipts: Receipts that are not of a revenue nature are capital receipts.The…
Balancing Ledger Accounts: Balancing an account means the process of equalizing the two sides of an account by…