# Fundamentals of Accounting

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## Posts

- [Why Forensic Audit Was Initiated at IndusInd Bank?](https://fundamentalsofaccounting.org/why-forensic-audit-was-initiated/)
- [Operating Profit vs. Gross Profit vs. Net Profit](https://fundamentalsofaccounting.org/operating-profit-vs-gross-profit/)
- [Differences Between Events and Transactions](https://fundamentalsofaccounting.org/events-and-transactions/)
- [Creative Accounting and Its Effects on Financial Reporting](https://fundamentalsofaccounting.org/creative-accounting/)
- [What is Cash Book? Features and Objectives](https://fundamentalsofaccounting.org/what-is-cash-book-features-and-objectives/)
- [What is a Common-Size Financial Statement in Accounting?](https://fundamentalsofaccounting.org/common-size-statement-in-accounting/)
- [What is Goods and Services Tax (GST)?](https://fundamentalsofaccounting.org/what-is-goods-and-services-tax-gst/)
- [Difference Between Interim and Final Dividend](https://fundamentalsofaccounting.org/difference-between-interim-and-final-dividend/)
- [What Are Stock Control Cards - Pros and Cons Explained](https://fundamentalsofaccounting.org/what-are-stock-control-cards/)
- [5 Legit Expenses That Reduce Tax in Books of Accounts](https://fundamentalsofaccounting.org/5-legit-expenses-that-reduce-tax/)
- [What is Weighted Average Cost of Capital?](https://fundamentalsofaccounting.org/weighted-average-cost-of-capital/)
- [Top 5 Theories of Dividend Decision](https://fundamentalsofaccounting.org/top-5-theories-of-dividend-decision/)
- [What Does Mean Reconstitution of Partnership?](https://fundamentalsofaccounting.org/reconstitution-of-partnership/)
- [What is Receipts and Payments Account?](https://fundamentalsofaccounting.org/what-is-receipts-and-payments-account/)
- [Key Differences Between Revenue and Income](https://fundamentalsofaccounting.org/key-differences-between-revenue-and-income/)
- [What are consolidated financial reports?](https://fundamentalsofaccounting.org/what-are-consolidated-financial-reports/)
- [Benefits of Issuing Debentures Rather than Shares](https://fundamentalsofaccounting.org/benefits-of-issuing-debentures-rather-than-shares/)
- [How AI is Making the Work of Accountants Easier](https://fundamentalsofaccounting.org/ai-the-work-of-accountants-easier/)
- [What Are ESG Reporting Frameworks?](https://fundamentalsofaccounting.org/what-are-esg-reporting-frameworks/)
- [What is Economic Batch Quantity? With Example](https://fundamentalsofaccounting.org/economic-batch-quantity-with-example/)
- [What is the Going Concern Concept?](https://fundamentalsofaccounting.org/what-is-the-going-concern-concept/)
- [Difference Between Net Profit and Gross Profit](https://fundamentalsofaccounting.org/net-profit-and-gross-profit/)
- [Liquidation of Companies | Meaning and Procedure](https://fundamentalsofaccounting.org/liquidation-of-companies-meaning-and-procedure/)
- [What are calls-in-arrear and calls-in-advance?](https://fundamentalsofaccounting.org/calls-in-arrear-and-calls-in-advance/)
- [Difference Between Fixed and Floating Rate of Interest](https://fundamentalsofaccounting.org/fixed-and-floating-rate-of-interest/)
- [What is the Difference Between Trading and Investing](https://fundamentalsofaccounting.org/trading-and-investing/)
- [Benefits of Computerised Accounting Systems](https://fundamentalsofaccounting.org/computerised-accounting-systems/)
- [What is Meant By Impairment of Assets](https://fundamentalsofaccounting.org/what-is-meant-by-impairment-of-assets/)
- [What does mean reporting period in accounting](https://fundamentalsofaccounting.org/reporting-period-in-accounting/)
- [What is a Consolidated Financial Statement?](https://fundamentalsofaccounting.org/consolidated-financial-statement/)
- [What is Securities Transaction Tax (STT)?](https://fundamentalsofaccounting.org/what-is-securities-transaction-tax-stt/)
- [Indirect Method of Preparing Cash-Flow Statement](https://fundamentalsofaccounting.org/indirect-method-of-preparing-cash-flow-statement/)
- [What is the Capital Adequacy Ratio?](https://fundamentalsofaccounting.org/what-is-the-capital-adequacy-ratio/)
- [Fintech: disruptive technologies transforming financial services](https://fundamentalsofaccounting.org/fintech-disruptive-technologies/)
- [What is Asset Management?](https://fundamentalsofaccounting.org/what-is-asset-management/)
- [5 Important Types of Technical Analysis](https://fundamentalsofaccounting.org/5-important-types-of-technical-analysis/)
- [What is Production Volume Variance?](https://fundamentalsofaccounting.org/production-volume-variance/)
- [What Are Joint Products and By-Products?](https://fundamentalsofaccounting.org/what-are-joint-products-and-by-products/)
- [Benefits of Issuing Shares as Source of Capital](https://fundamentalsofaccounting.org/benefits-of-issuing-shares/)
- [What are non-current assets? Meaning and Examples](https://fundamentalsofaccounting.org/what-are-non-current-assets-meaning-and-examples/)
- [What is Meant by Goodwill in Accounting?](https://fundamentalsofaccounting.org/goodwill-in-accounting/)
- [What is Abnormal Process Loss? Causes and Impacts](https://fundamentalsofaccounting.org/abnormal-process-loss/)
- [5 Types of Assets That Are Written Off At Some Point of Time](https://fundamentalsofaccounting.org/5-type-of-assets-that-are-written-off/)
- [What is a Forward Exchange Contract?](https://fundamentalsofaccounting.org/what-is-a-forward-exchange-contract/)
- [What is the Swap Ratio?](https://fundamentalsofaccounting.org/what-is-the-swap-ratio/)
- [What is the difference between a merger and a demerger?](https://fundamentalsofaccounting.org/what-is-the-difference-between-a-merger-and-a-demerger/)
- [How to Calculate Profit or Loss on Incomplete Contracts?](https://fundamentalsofaccounting.org/profit-loss-on-incomplete-contracts/)
- [The International Accounting Standards Board](https://fundamentalsofaccounting.org/the-international-accounting-standards-board/)
- [What is the Meaning and Scope of Accounting](https://fundamentalsofaccounting.org/what-is-the-meaning-and-scope-of-accounting/)
- [What is the Double Entry System of Book-Keeping?](https://fundamentalsofaccounting.org/double-entry-system-of-book-keeping/)
- [What is Batch Costing? How is it Different From Job Costing?](https://fundamentalsofaccounting.org/batch-costing-vs-job-costing/)
- [5 ways to improve liquidity ratios](https://fundamentalsofaccounting.org/5-ways-to-improve-liquidity-ratios/)
- [What is a Cost Plus Contract?](https://fundamentalsofaccounting.org/what-is-a-cost-plus-contract/)
- [Write a note on accounting for payroll](https://fundamentalsofaccounting.org/accounting-for-payroll/)
- [Bank Overdraft as a Source of Finance](https://fundamentalsofaccounting.org/bank-overdraft-as-a-source-of-finance/)
- [What is a Production Budget and Its Components?](https://fundamentalsofaccounting.org/production-budget/)
- [What is Economic Order Quantity and Its Assumptions?](https://fundamentalsofaccounting.org/what-is-economic-order-quantity-and-its-assumptions/)
- [What is meant by annual holding cost in costing?](https://fundamentalsofaccounting.org/what-is-meant-by-annual-holding-cost-in-costing/)
- [A Short Note on the LIFO Method of Inventory Valuation](https://fundamentalsofaccounting.org/a-short-note-on-the-lifo-method-of-inventory-valuation/)
- [Difference between Spoilage and Defectives in Cost Accounting](https://fundamentalsofaccounting.org/spoilage-and-defectives-in-cost-accounting/)
- [Differences between Lease and Hire Purchase](https://fundamentalsofaccounting.org/differences-between-lease-and-hire-purchase/)
- [What Are the Differences between Accounting and Auditing](https://fundamentalsofaccounting.org/differences-between-accounting-and-auditing/)
- [Differences Between Equity and Preference Shares](https://fundamentalsofaccounting.org/differences-between-equity-and-preference-shares/)
- [What is the FIFO Method of Inventory Control](https://fundamentalsofaccounting.org/what-is-the-fifo-method-of-inventory-control/)
- [What is a Bill of Exchange?](https://fundamentalsofaccounting.org/what-is-a-bill-of-exchange/)
- [Differences Between General Reserves and Capital Reserves](https://fundamentalsofaccounting.org/differences-between-general-reserves-and-capital-reserves/)
- [Cost Accounting Quiz Challenge](https://fundamentalsofaccounting.org/cost-accounting-quiz-challenge/)
- [What is a Promissory Note?](https://fundamentalsofaccounting.org/what-is-a-promissory-note/)
- [Difference Between Shares and Debentures](https://fundamentalsofaccounting.org/difference-between-shares-and-debentures/)
- [What is the Buyback of Shares? Purpose and Benefits](https://fundamentalsofaccounting.org/what-is-the-buyback-of-shares-purpose-and-benefits/)
- [Difference between COGS and Cost of sales](https://fundamentalsofaccounting.org/cogs-and-cost-of-sales/)
- [What is Capital Asset Pricing Model (CAPM)?](https://fundamentalsofaccounting.org/capital-asset-pricing-model-capm/)
- [What is Creative Accounting?](https://fundamentalsofaccounting.org/what-is-creative-accounting/)
- [What is Interest Rate Parity Theory (IRPT)?](https://fundamentalsofaccounting.org/what-is-interest-rate-parity-theory-irpt/)
- [Write a short note on financial swaps](https://fundamentalsofaccounting.org/short-note-on-financial-swaps/)
- [Why Select the Turo and its investments platform?](https://fundamentalsofaccounting.org/why-select-the-turo-and-its-investments-platform/)
- [Impacts of Inflation on Working Capital Management](https://fundamentalsofaccounting.org/impacts-of-inflation-on-wc/)
- [Roles and Functions of Management Accountants](https://fundamentalsofaccounting.org/roles-and-functions-of-management-accountants/)
- [Difference Between Secured and Unsecured Loans](https://fundamentalsofaccounting.org/difference-between-secured-and-unsecured-loans/)
- [The Use of Data Analytics in Forensic Accounting Investigations](https://fundamentalsofaccounting.org/data-analytics-in-forensic-accounting-investigations/)
- [The main difference between fixed and variable costs?](https://fundamentalsofaccounting.org/difference-between-fixed-and-variable-costs/)
- [What is Net Realisable Value (NRV)?](https://fundamentalsofaccounting.org/what-is-net-realisable-value-nrv/)
- [What is a Suspense Account in Financial Accounting?](https://fundamentalsofaccounting.org/what-is-suspense-account-in-financial-accounting/)
- [What is Discounted Payback Period Method?](https://fundamentalsofaccounting.org/what-is-discounted-payback-period-method/)
- [What is an Adjusted Trial Balance?](https://fundamentalsofaccounting.org/what-is-an-adjusted-trial-balance/)
- [What is Credit Risk?](https://fundamentalsofaccounting.org/what-is-credit-risk/)
- [What is Petty Cash in Accounting? Meaning and Purpose](https://fundamentalsofaccounting.org/what-is-petty-cash-in-accounting/)
- [Top 5 Career Options for Accounting Graduates](https://fundamentalsofaccounting.org/5-career-options-for-accounting-graduates/)
- [The Impact of Inventory Control on Business Profitability](https://fundamentalsofaccounting.org/the-impact-of-inventory-control/)
- [The importance of gearing ratios in financial analysis](https://fundamentalsofaccounting.org/the-importance-of-gearing-ratios-in-financial-analysis/)
- [What is Business Entity Concept?](https://fundamentalsofaccounting.org/what-is-business-entity-concept/)
- [What is the Cost of Goods Sold? Definition | Formula](https://fundamentalsofaccounting.org/cost-of-goods-sold/)
- [What is a Funds Flow Statement?](https://fundamentalsofaccounting.org/funds-flow-statement/)
- [Understanding the Face Value of a Share: A Beginner's Guide](https://fundamentalsofaccounting.org/understanding-the-face-value-of-a-share-a-beginners-guide/)
- [What is a Stock Exchange? Features and Functions](https://fundamentalsofaccounting.org/what-is-a-stock-exchange-features-and-functions/)
- [What is a Joint Venture? Meaning and Purpose](https://fundamentalsofaccounting.org/what-is-joint-venture-meaning-and-purpose/)
- [What is an Accounting ERP System?](https://fundamentalsofaccounting.org/accounting-erp-system/)
- [What is a Fictitious Asset in Accounting?](https://fundamentalsofaccounting.org/what-is-a-fictitious-asset-in-accounting/)
- [What are sundry expenses?](https://fundamentalsofaccounting.org/what-are-sundry-expenses/)
- [What is Prepaid Expense? Journal Entry in Books](https://fundamentalsofaccounting.org/what-is-prepaid-expense/)
- [What is an Ideal Current Ratio?](https://fundamentalsofaccounting.org/what-is-an-ideal-current-ratio/)

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