Accounts

Vertical Balance Sheet Format

The Final Accounts of a company refer to the annual financial statements consisting of (1) Profit and Loss Account which discloses the results of operation, either profit or loss, for a financial year, and (2) Balance Sheet which depicts the financial position of the company as on the closing day of the year. The Profit …

Vertical Balance Sheet Format Read More »

CASH FLOW STATEMENT

MBA & BBA Study Material Reference : ICAI Books Cash Flow Statement Solved Sums and complete books available in the below mentioned link from ICAI https://resource.cdn.icai.org/66496bos53751-cp4-u2.pdf

Limitations of Accounting – NMIMS Assignment

Accounting is a process of collecting, organizing, and analyzing information. It is used in business management to make decisions about products and services, resources, debt and equity, and taxes. The advantages of accounting are that it helps you understand where your money is coming from and where it’s going however accounting has its own limitations. …

Limitations of Accounting – NMIMS Assignment Read More »

PREPARATION OF BALANCE SHEET AS PER SCHEDULE III OF COMPANIESACT, 2013

Advance Accounting Section 129 of companies act 2013, provides for preparation of financial statements.  2(40) to include balance sheet, profit and loss account/income and expenditure account, cashflow statement, statement of changes in equity and any explanatory note annexed to the above. 3. New section 129 corresponds to existing section 210. It provides that the financial …

PREPARATION OF BALANCE SHEET AS PER SCHEDULE III OF COMPANIESACT, 2013 Read More »