(This article explains various methods of Depreciation such as the Straight Line Method, Diminishing Balance or Written Down Value (WDV),…
RBI on a review amended KYC Master Direction on November 06, 2024. "The amendment has been necessitated to (a) align…
All industries make long-term capital investments for growth. These capital assets may be plant and machinery, or intangible assets like…
Following are Bank Holidays for the year 2025 in the Telangana State declared under the provisions of section 25 of…
This article explains the meaning of Depreciation, Causes of Depreciation, Need for Depreciation, Factors of Depreciation, and revaluation of assets…
Before closing the ledger accounts, if the error is found you can rectify it without opening a suspense account. However,…
Assets or liabilities not included on a company's balance sheet are known as off-balance sheet items. Off-balance-sheet items are contingent…
The errors in accounting take place due to wrong posting of transactions, wrong totaling or wrong balancing of the accounts,…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26 of 1881) read with the…
When the trial balance does not tally due to the one-sided errors in the books, an accountant puts the difference…