Differences between Discounts and Rebates
by Discounts A rebate is a refund or return on the purchase of goods or services. A rebate is returned to the customer after the amount …
Tag: Expense Tracking
Books of Accounts and Document
Books of accounts including vouchers and receipts are required to be maintained under different statutory laws Income Tax Act, Companies Act 2013 and GST Act. …
Key differences between Capital Receipt and Revenue Receipt
Key differences between Capital Receipt and Revenue Receipt
Subsidiary Books of Accounts, Features, Components, Example
Subsidiary Books of Accounts, Features, Components, Example
Liquid for Final Statement of A/c Receivers Receipt and Payment A/c
The liquidator’s task is to realise the assets and disburse the amounts among those who have a rightful claim to it; in every case the …
Profit and Loss Account, Components, Example
Profit and Loss Account, Components, Example
Computation of Labor Variances
Direct labour variances arise when actual labour costs are different from standard labour costs. In analysis of labour costs, the emphasis is on labour rates …
Accounting Standard 3 (AS3: Revised)
AS3 revised in 1997 has recommended revised Cash Flow Statement [CFS] for listed companies and other industrial, commercial, and business undertakings in the private and …
Brief Discussion on Management of Cash
The Cash Management is concerned with the collection, disbursement and the management of cash in such a way that firm’s liquidity is maintained. In other words, it …
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