Latest Financial Accounting News
Accounting for Consignment
Due to increasing size of market, it is quite obvious that manufacturers…
Analysis of Changes in Income
The purpose of preparing a financial statement is not only to know…
Financial Accounting – Inventory Valuation
The Institute of Chartered Accountant of India as per Accounting Standard-2 (Revised)…
Bills of Exchange and Promissory Notes
Essentials of Bills of Exchange Following are the essentials of a bill…
Measurement of Business Income
One of the most significant accounting concepts is “Concept of Income”. Similarly,…
Provision and Reserves
Meaning of Provisions “Any amount written off or retained by the way…
Financial Accounting – Final Accounts
Final Accounts are the accounts, which are prepared at the end of…
Financial Accounting – Royalty Accounts
Royalty is payable by a user to the owner of the property…
Financial Accounting – Voyage Accounting
To know the financial results of a marine business, voyage accounting is…
Departmental Accounting
Departmental stores have many types of stores under a single roof, for…




