Retirement and Death of partners
by A partner may ascertain to either withdraw or retire from the enterprise due to certain …
Tag: Business Documents
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 …
Concepts and Conventions of Accounting
Accounting Concepts Four important accounting concepts underpin the preparation of any set of accounts: Going …
Definition, Nature and Scope, Advantages, Limitations, Characteristics of Accounting
Cost: The term ‘cost’ has to be studied in relation to its purpose and conditions. As …
Basel Norms
Basel is a city in Switzerland which is also the headquarters of Bureau of International …