Year: 2020
- Financial Accounting Concepts
Classification of Accounts in Bookkeeping
The journal is the primary record book. All entries are made chronologically; that is when they occur. Transactions in the journal are documented using solely d
- Financial Accounting Concepts
How to Prepare Profit and Loss Account?
A profit and loss account, also known as the income statement or statement of revenues and expenses, is prepared to ascertain the profit earned or losses s
- Financial Accounting Concepts
What are Coverage Ratios – Meaning and Calculation
A coverage ratio is a measure of relative financial exposure to a specific contingent liability. The primary purpose is to quantify the ratio of net current ass
- IND ASs
List of Indian Accounting Standards (IND ASs)
The Indian Accounting Standards (IND-AS) are a set of accounting standards notified by the Ministry of Corporate Affairs, Government of India. IND-AS are based