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Method of Providing Depreciation

Method of Providing Depreciation The sinking fund method is a technique for depreciating an asset while generating enough money to replace it at the end of its useful life. As depreciation charges are incurred to reflect the asset's falling value, a matching amount of cash is invested. These funds sit in a sinking fund account and generate interest. #MethodofProvidingDepreciation

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CONCEPT AND ACCOUNTING OF DEPRECIATION

CONCEPT AND ACCOUNTING OF DEPRECIATION Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. #CONCEPTANDACCOUNTINGOFDEPRECIATION

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BANK RECONCILIATION STATEMENT

BANK RECONCILIATION STATEMENT BRS is prepared on a periodical basis for checking that bank related transactions are recorded properly in cash book's bank column and also by the bank in their books. BRS helps to detect errors in recording transactions and determining the exact bank balance as on a specified date. #BANKRECONCILIATIONSTATEMENT

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SUSPENSE ACCOUNT

SUSPENSE ACCOUNT A suspense account is an account used temporarily or permanently to carry doubtful entries and discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions entered with invalid account numbers. The account specified may not exist, or it may be deleted/frozen. #SUSPENSEACCOUNT

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RECTIFICATION OF ERRORS

RECTIFICATION OF ERRORS Financial accounting deals with recording and maintaining every monetary transaction of an organization. However, sometimes, a few entries might be either incorrect or used at the wrong place. In financial accounting, the process of correcting such mistakes is known as Rectification of Errors. #RECTIFICATIONOFERRORS

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RECTIFICATION OF ERRORS

RECTIFICATION OF ERRORS Financial accounting deals with recording and maintaining every monetary transaction of an organization. However, sometimes, a few entries might be either incorrect or used at the wrong place. In financial accounting, the process of correcting such mistakes is known as Rectification of Errors. #RECTIFICATIONOFERRORS

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Distinction between Special Journal and General Journal

Distinction between Special Journal and General Journal Special journals and general journal are both books of prime entry which are used to record the transactions of a business. ... In special journals all the transactions are recorded in the form of single line entry whereas in general journal all the transactions are recorded in the form of two or more line entries. #DistinctionbetweenSpecialJournalandGeneralJournal

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SALES RETURN BOOK OR RETURNS INWARD BOOK

SALES RETURN BOOK OR RETURNS INWARD BOOK Definition and Explanation: Sales returns book is also called returns inwards book. It is used for recording goods returned to us by our customers.4 #SALESRETURNBOOKORRETURNSINWARDBOOK

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What Is Balance ScoreCard

What Is Balance ScoreCard A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Balanced scorecards are used to measure and provide feedback to organizations. #BalanceScoreCard




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Introduction to Statistics for CA Foundation

Introduction to Statistics for CA Foundation Business Mathematics, Logical Reasoning and Statistics is designed as per latest CA Foundation syllabus for Paper 3 to provide a firm grounding in the principles, techniques and practice. The book adopts self-study approach and has been written in student-friendly manner. With a blend of conceptual learning and problem-solving approach, it offers in-depth understanding of the basic mathematical and statistical tools. #introductiontostatistics


Chapter X of Companies Act 2013

Chapter X of Companies Act 2013 The company shall place the matter relating to such appointment for ratification by members at every annual general meeting. ... Under the Act, the provisions for rotation of auditors in the listed Company & certain other class of Companies, have been provided for. #chapterxofcompaniesact2013


Relevant sections under the Companies Act, 2013 dealing with fraud and false statements

Relevant sections under the Companies Act, 2013 dealing with fraud and false statements The new parent corporate law “The Companies Act 2013” is mostly ... I am limiting my write-up to the provisions to the Act, and I request the readers to refer relevant rules, if any, before ... in the 2013 Act is the Section 447 dealing with “Punishment for fraud”. ... Section 448


What is Corporate Image

What is Corporate Image A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public. The corporate identity is typically visualized by branding and with the use of trademarks, but it can also include things like product design, advertising, public relations etc #WhatisCorporateImage


What is Energy Audit

What is Energy Audit An energy audit is an inspection survey and an analysis of energy flows for energy conservation in a building. It may include a process or system to reduce the amount of energy input into the system without negatively affecting the output. #whatisenergyaudit