Accounting Records in the Books of Hire Purchaser and Vendor
by Accounting Records in the Books of Hire Purchaser and Vendor
Category: Management Notes
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Hire Purchase System
Hire purchase is a method of financing of the fixed asset to be purchased on …
Dissolution of Partnership
A partnership is a kind of business where a formal agreement between two or more …
Retirement and Death of partners
A partner may ascertain to either withdraw or retire from the enterprise due to certain …
Admission of partners
A business firm seeks new partners with business expansion being one of the driving motives. …
Partnership Accounts
Partnership Firm KYC Norms The Reserve Bank of India sets Know Your Customer (KYC) norms …
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation …
Indian Accounting Standards
In order to ensure transparency consistency, comparability, adequacy and reliability of financial reporting, it is …
Capital and Revenue Items
Expenditure means spending on something. This can be a payment is cash or can also …
Introduction to Financial Statements
Preparing general-purpose financial statements; including the balance sheet, income statement, statement of retained earnings, and …