Financial Accounting
Financial Accounting – Leasing
In the field of real estate, leasing is a popular term because it is advantageous to own land…
August 16, 2021 · Prabhu TLAuthor: Prabhu TL
Prabhu TL is a SenseCentral contributor covering digital products, entrepreneurship, and scalable online business systems. He focuses on turning ideas into repeatable processes—validation, positioning, marketing, and execution. His writing is known for simple frameworks, clear checklists, and real-world examples. When he’s not writing, he’s usually building new digital assets and experimenting with growth channels.
Financial Accounting
Financial Accounting – Single Entry
As we know, there are two systems of recording transactions in our books of accounts. In the previous…
August 16, 2021 · Prabhu TLFinancial Accounting
Financial Accounting – Non-Trading Accounts
Some of the organizations or institutions are constituted to provide valuable services to the society with the objective…
August 16, 2021 · Prabhu TLFinancial Accounting
Financial Accounting – Joint Venture
An association of two or more persons or we may say temporary partnership combined for the carrying out…
August 16, 2021 · Prabhu TLFinancial Accounting
Accounting for Consignment
Due to increasing size of market, it is quite obvious that manufacturers or whole sellers cannot approach directly…
August 16, 2021 · Prabhu TLFinancial Accounting
Analysis of Changes in Income
The purpose of preparing a financial statement is not only to know the net income or losses of…
August 16, 2021 · Prabhu TLFinancial Accounting
Financial Accounting – Inventory Valuation
The Institute of Chartered Accountant of India as per Accounting Standard-2 (Revised) defines inventory as the assets held − · For…
August 16, 2021 · Prabhu TLFinancial Accounting
Bills of Exchange and Promissory Notes
Essentials of Bills of Exchange Following are the essentials of a bill of exchange − · Bill of exchange…
August 16, 2021 · Prabhu TLFinancial Accounting
Measurement of Business Income
One of the most significant accounting concepts is “Concept of Income”. Similarly, measurement of a business income is…
August 16, 2021 · Prabhu TL
Financial Accounting
Provision and Reserves
Meaning of Provisions “Any amount written off or retained by the way of providing depreciation or diminution in…
August 16, 2021 · Prabhu TL