Sunday, July 27, 2014

Credits & Vote of Thanks!

I thank, i) Firstly, Prof. Dipak Kr. Shukla  for being my Faculty Guide for this Summer Internship Program as well as for guiding & motivating me for this project. He encouraged me all the time in internship...

Saturday, July 26, 2014

Accounting Equation

Definition: The equation that is the foundation of double entry accounting. The accounting equation displays that all assets are either financed by borrowing money or paying with the money of the company's shareholders. Thus, the accounting equation is: Assets = Liabilities + Shareholder Equity. The balance sheet is a complex display of this equation, showing...

Monday, July 21, 2014

Monday, July 14, 2014

Accounting Standards

List of Indian Accounting Standards(Currently Applicable) The following are the mandatory Accounting Standards (AS) as on July 1, 2012 as listed on the site of The Institute of Chartered Accountants of India (ICAI) AS 1 Disclosure of Accounting Policies: It is a method of applying those principles by the enterprises in the presentation...