Accounting Treatment of Investment Fluctuation Reserve on retirement of a partner
Accounting Treatment of Investment Fluctuation Reserve on the retirement of a partner An Investment Fluctuation Reserve (IFR) is a financial …
Financial Accounting
Financial Accounting Basics
Basic Accounting Terms: Essential for Class 11 ISC & CBSE
Basic Accounting Terms – 23 Important terms Understanding basic accounting terms is crucial for every student involved in accounting, business, …
Golden Rules Of Accounting Modern Approach
Rules Of Debit and Credit as per Modern Approach Golden Rules Of Accounting Modern Approach Five Golden Rules Of Accounting- …
Types of Accounts Modern Approach
Types of Accounts Modern Approach: Account – Account is the individual record of an asset, a liability, a revenue, an …
Assets Liabilities Capital Revenue and Expenses
Assets Liabilities Capital Revenue and Expenses Assets Liabilities Capital Revenue and Expenses Assets- Assets are valuable economic resources of an …
Cheque received journal entry
Cheque received journal entry *Cheque received from customer or Debtor and not deposited same day into the bank. Following Journal …
Rent paid journal entry
Rent paid journal entry Rent paid journal entry The amount of money paid to the owner of a property in …
Nominal Accounts Examples List
Nominal Accounts Examples List What are Nominal Accounts? Accounts that relate to the expenses, losses, incomes, and gains of the …
Personal Accounts Examples List
Personal Accounts Examples List What are Personal Accounts? personal accounts are those accounts that relate to persons, Firms, Institutions and …
Types of Accounts American Approach Or The Modern Approach- Important 2023
Types of Accounts American Approach or The Modern Approach Under this approach transactions are recorded based on the accounting equation. An Accounting equation …