Articles By CAknowledge
Dual Aspect Concept: Meaning, definition with Examples
ByDual Aspect Concept: Every Transaction has two effects: Debit and Credit. Both are opposite and equal also known as Double Entry System.
Accounts and its Classification, Types of Accounts (An Analysis)
Types of Accounts (Accounts Classification): The business transactions are recorded in accounts. An account is an individual record of a...
Rectification of Errors, Stages of Errors, Need for Rectification
Rectification of Errors: Every concern is interested in ascertaining its true profit and financial position at the close of the trading year.
Ind AS 19: Employee Benefits, Difference Between AS 15 and IndAS 19
Ind AS 19, Employee Benefits are all forms of consideration given by an entity in exchange for service rendered by employees or for the...
Ind AS 12, Income Taxes: Difference between Ind AS 12 and AS 22
Ind AS 12 prescribes the accounting treatment for income taxes. For the purposes of this Standard, income taxes include all domestic and...
Ind AS 34, Interim Financial Reporting | AS 25 Vs Ind AS 34
The objective of Ind AS 34 is to prescribe the minimum content of an interim financial report and to prescribe the principles for recognition
What are IASB, FASB, IFRS, Ind AS, and US GAAP? Difference
What is IASB, FASB, IFRS, Ind AS and US GAAP? with Difference. Meaning of IASB, Meaning of FASB, Meaning of IFRS, Ind AS, Meaning of Indian GAAP US...
Accounting for Not for Profit Organisations, Accounting for Special Items
Accounting for Not for Profit Organisation, Check Accounting for non profit organisations, Accounting for Special Items, Accounting of....
Bills of Exchange and Promissory Notes: Key Difference Analysis
Bills of Exchange and Promissory Notes. Difference Between Bills of Exchange and Promissory Notes. Key Difference Between Promissory Notes...