What is a Double Entry System in Bookkeeping or Accounting?

3 months ago

Italian monk Luca Pacioli is known as “the father of accounting”. He published a textbook called “Summa de Arithmetica, Geometria,…

Overview of IFRS: The International Financial Reporting Standards

3 months ago

IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB) an independent, not-for-profit organization that develops and approves…

Understanding Generally Accepted Accounting Principles of USA (GAAP)

3 months ago

Accounting standards in the USA are a set of accounting guidelines known as Generally Accepted Accounting Principles (GAAP). These standards…

Ind AS:Accounting Standards in India and its Definition and Scope

3 months ago

Accounting standards in India govern how companies record and present their financial statements to regulatory authorities, investors, and all stakeholders.…

What is a subordinated debt?

3 months ago

Subordinated debt refers to the debt owed to an unsecured creditor. In the event of the bankruptcy or liquidation of…

What is revaluation of assets/revaluation reserve?

3 months ago

A business usually owns capital assets like Plant and machinery, land and building, equipment etc. The values of these assets…

Origins of Accounting Principles or Concept of accounting

3 months ago

The Italian Luca Pacioli, recognized as The Father of accounting and bookkeeping was the first person to publish a work…

New Accounting system / Value system accounting

3 months ago

The days of manual bookkeeping and ledgers are long gone as emerging technologies in accounting include AI-driven automation, blockchain for…

Bank Officers DA Chart: Dearness Allowance Payable for  November ’24 to January ‘25

3 months ago

Labour Bureau announces CPI (IW) index numbers for July, August, and September 2024. July 2024=142.70 August 2024 =142.60 September 2024=143.30     …

Bank Clerical Staff DA Chart: Dearness Allowance Payable for  November ’24 to January ‘25

3 months ago

Labour Bureau announces CPI (IW) index numbers for July, August, and September 2024. July 2024=142.70 August 2024 =142.60 September 2024=143.30     …