Financial Accounting Concepts
Financial accounting is the process of recording, classifying, summarizing and communicating information about a business’s finances.
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Meaning and Treatment of Bad and Doubtful Debts
While preparing the financial statements, you will frequently reference bad and doubtful debts. Both these accounts are charges against the profit. However
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Audit, Assurance and Compliance – A case study of BHP Billiton
The report provides insight into the annual report of BHP Billiton for assessing, analyzing and evaluating the role, responsibilities and duties of the aud
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Different systems of maintaining the accounts of a dependent branch
Question 1. Explain the different systems of maintaining the accounts of a dependent branch. How is profit ascertained under each system? Discuss. A depend
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Advantages and Disadvantages of Perpetual Inventory System
A perpetual inventory system automatically records and updates the inventory account whenever inventory is sold or purchased. You can think of this as R
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Ratios are mechanical and incomplete – Comment
Ratios are basically figures that represent an element’s value in terms of the other. These are some of the most used techniques of financial analysis. Typ
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What is a Chart of Accounts in QuickBooks
A chart of accounts (COA) is a collection of categories of accounts that are grouped by nature (revenue, expense etc.) and recorded on a financial statemen
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The Development of Bookkeeping and Accounting
In the realm of business, the principles of bookkeeping and accounting have played a pivotal role in shaping the way we manage and analyse financial data.
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History of accounting standard setting in Australia
Accounting standard setting Accounting standards in Australia were initially developed by professional accounting bodies and were enforceable under their c
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What are capital structure ratios in accounting?
The capital structure is a company’s structure that includes a mix of equity financing and debt financing. The three sections of the capital structur
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How to Delete a bill in QuickBooks Online?
For a new user, it may be difficult to find how to delete a bill in Quickbooks Online. This situation may arise as a result of wrong particulars in the ent