Capital Expenditure and Revenue Expenditure – Class 11 Important
Capital Expenditure and Revenue Expenditure CAPITAL EXPENDITURE Expenditure which is incurred for acquisition and extension or Improvement of fixed assets …
Concept of Demand in economics: Types of Demand – Class 11 and 12 Important
Concept of Demand Demand refers to the quantity of a commodity that consumers are willing and able to purchase or …
What is Bill of Exchange? Meaning, Features and Types – Important 2024
Bill of Exchange: Meaning and Types INTRODUCTION In the present scenario, the sale and purchase of goods are done both …
Adjustment entries in Final Accounts: Class 11 and 12
Adjustment entries Adjustment entries- Adjustment entries are those entries that need to be passed at the end of the accounting …
What is Profit and Loss Appropriation Account? Important Class 12
Definition of Profit and Loss Appropriation Account A Profit and Loss Appropriation Account is a nominal account specific to partnership …
Basis of Accounting: What are Cash and Accrual Basis? Class 11
Basis of Accounting: Cash and Accrual In Accounting, the period is a crucial aspect. Deciding when the income and expenditure …
Accounting Principle and Accounting Assumptions – Class 11, Important
Accounting Principles & Fundamental Accounting Assumptions MEANING AND NATURE OF ACCOUNTING PRINCIPLEs Accounting Principles refers to the rules or guidelines …
Accounting: Objectives, Advantages and Limitations of Accounting – Important 2024
Objectives, Advantages, and Limitations of Accounting Accounting is the systematic process of recording, analyzing, and interpreting financial transactions and events …
What is Double Entry System? Meaning and 11 advantages
Meaning of Double Entry System According to this system, every business transaction affects at least two accounts in opposite directions. …
20 transactions with their Journal Entries, Ledger and Trial balance – Important 2024
20 transactions with their Journal Entries, Ledger and Trial balance 20 transactions with their Journal Entries Journal A journal is …