Articles By Lakshit Choudhary
Definition of Accounting, What is Accounting, Accounting Meaning
ByDefinition of Accounting: Accounting is used by business entities for keeping records of their monetary or financial transactions, Meaning...
Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets
Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets : The objective of Ind AS 37 is to ensure that appropriate recognition criteria.
Accounting Estimates: Meaning and Example of Accounting Estimates
An accounting estimate is an approximation of the amount of a business transaction for which there is no precise means of measurement. know..
Limitations of Accounting, Disadvantages of Accounting (Detailed)
Limitations of Accounting, What are the Limitations of Accounting: Disadvantages of Accounting: Accounting is influenced by the personal...
Accrued Liabilities: Meaning, Definition with Examples
An accrued liability is a current liability and it arises as a result work performed and acknowledged by CSC but for which invoices are not..
Ind AS 16: Property, Plant, and Equipment | IndAS 16 Vs AS 10
Ind AS 16, Property, Plant, and Equipment: The objective of Ind AS 16 is to prescribe the accounting treatment for property, plant, and...
Ind AS 7: Statement of Cash Flows, Difference In IndAS 7 Vs AS 3
IndAS 7, Statement of Cash Flows: Ind AS 7 prescribes principles and guidance on preparation and presentation of cash flows of an entity from
Difference between Capital Receipts and Revenue Receipts
Difference between Capital Receipts and Revenue Receipts: Receipts which are not of revenue nature are capital receipts, The Receipts which
Balancing Ledger Accounts, Ledger accounts balancing procedure
Balancing Ledger Accounts: Balancing of an account means the process of equalizing the two sides of an account by putting the difference on..
