A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use

Deferred Revenue Expenditure: Deferred revenue expenditure is that expenditure for which payment has been made or liability incurred but which is carried forward on the

Classification of Errors or Types of Errors: Every concern is interested in ascertaining its true profit and financial position at the close of the trading

Difference between Bookkeeping and Accounting with Meaning: Bookkeeping is an activity concerned with the recording of financial data relating to business operations in a significant and

Various Types of Vouchers In Accounting, Be it vouching or passing an entry or maintaining regular books of accounts, the knowledge of vouchers and their

Accounting Concept: Accounting concepts are defined as basic assumptions on the basis of which financial statements of a business entity are prepared. They are used

Classification of Negotiable Instruments, One of the most important things to be kept in mind while studying Law is the concept of Negotiable Instruments. For this

Functions of Accounting: There are certain users of accounts. Earlier it was viewed that accounting is meant for the proprietor or owner of the business,

The inventory turnover ratio is a common measure of the firm’s operational efficiency in the management of its assets. As noted earlier, minimizing inventory holdings