Payment of Premium
by If you have an insurance policy, you might wonder how companies calculate your insurance premiums. …
Tag: Fundamentals of Accountancy
Maintenance of Suspense Account
A suspense account is an account used temporarily or permanently to carry doubtful entries and …
Different Methods of Calculation of Cash Price
In some cases, die cash price is not given. Since the assets purchased cannot be …
Different Methods of Calculation of Interest
Calculating interest rate is not at all a difficult method to understand. Knowing to calculate …
Hire Purchase System
Hire purchase is a method of financing of the fixed asset to be purchased on …
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 …
Capital and Revenue Items
Expenditure means spending on something. This can be a payment is cash or can also …