Accounting Principal Accounting Principal are the rules adopted by accountants universally while recording accounting transaction. They are the norms or rules which are followed in accounting of various items of assets, liabilities, expenses, income, etc. for example, Inventory (stock) is…
WHAT IS ACCOUNTING Accounting is a process of identifying the events of financial nature, recording them in journal, classifying in their respective ledgers, summarizing them in Profit and Loss Account and Balance Sheet and communicating the results to…
Solution:- II. Investing activity III. Financing activity IV. Cash and Cash Equivalents Marketable Securities:- marketable securities are cash equivalents that can be readily converted into cash on demand. 2. Classify the following transaction as operating activities for a finance and…
Comparative Balance Sheet Particulars 31st March, 2024 ₹ 31st March, 2025 ₹ Shareholders’ Funds Non-current Liabilities Current Liabilities Non-current Assets Current Assets 15,00,000 7,50,000 2,50,000 17,50,000 7,50,000 22,50,000 7,50,0007,50,000 26,25,000 11,25,000 Solution – 2. Form the following Balance Sheet, prepare…
MEANING OF FINANCIAL STATEMENT ANALYSIS Analysis of Financial Statements is a systematic process of analysing the financial information in the financial statements to understand and take economic decisions. The term ‘Financial Analysis’ includes both ‘Analysis’ and ‘Interpretation’. ‘Analysis’ is concerned…
Ans. :- 2. Under which major head will the following be show: Ans. :- 3. List any five items that are shown under Reserve and Surplus. Ans. :- Capital Reserve; Capital Redemption Reserve; Debentures Redemption Reserve; Securities Premium Reserve and…
Disclosure of Share Capital in company’s Balance Sheet On Application Rs.30 On Allotment Rs.60, and On Call Balance Amount. The issue was fully subscribed and allotment was made to all the applicants. The company did not make…