Tag: Advanced Corporate AccountingOsmania University B.com Notes

Monopoly Monopoly is a popular board game that simulates a market economy. Players roll dice and move around the board, buying and trading properties, collecting …

Statement of Affairs A statement of affairs is a financial document that provides an overview of a company’s or individual’s assets, liabilities, and net worth …

Accounting profit Accounting profit is the difference between a company’s revenue and its expenses, calculated in accordance with generally accepted accounting principles (GAAP). It represents …

Retained earnings Retained earnings refer to the portion of a company’s net income that is kept by the business rather than being paid out as …

Bankruptcy Bankruptcy in India refers to the legal process of resolving the financial difficulties of individuals or companies that are unable to pay their debts. …

Gross Income Organization’s gross income is the total amount of revenue generated by the organization before any expenses or deductions are taken into account. It …

Financial Accounting Financial accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. The …

Insolvency Insolvency refers to the state of being unable to pay debts as they become due. It is a legal term that is typically used …

Private Limited Company A private limited company in India is a type of business entity that is privately owned and has a limited number of …

Voucher A voucher is a document or coupon that can be exchanged for a financial discount or rebate when purchasing a product or service. Vouchers …