Inventories are assets that are held in ordinary course of business for sale or use in the production of items for sale. Types of Inventory Raw material (items which are
Category: ACCOUNTING TOPICS
Wherever goods are sold on credit basis there are chances that some amounts would not be recoverable.The trade debts where there are doubts as to whether those will be recovered
Why & How the Bank Reconciliation Statement (BRS)?Why & How the Bank Reconciliation Statement (BRS)?
The balance appearing in company’s bank ledger is of DEBIT nature as it represent company’s assets that is recoverable from bank. On the other hand, same balance appears as CREDIT
This represents the amount of capital that has been invested in the company by the shareholders. 1: Types of Shares Ordinary shares/ common stock Ordinary shares/ common stock is the
Preference shares also called preferred stock are a mode of raising capital through existing shareholders or the general public without affecting the shareholding structure. As discussed earlier, preference shares have
These represent the amounts set aside by management out of accumulated profits for various purposes. Reserves are commonly classified into two categories: Types of Reserves Revenue reserves These are the