Shares Issued to Vendor and Buy-Back
Sometimes, company purchases assets and makes the payment to the vendor…
Accounting for Share Capital
Accountancy
Accountancy category includes posts relating to Accountancy of Class 11 and Class 12.
Dissolution of Partnership Firm
Dissolution of Partnership Firm
The main condition of preparing realization account is the availability of complete Balance sheet of the firm.
Dissolution of Partnership Firm
Accounts Relating to Dissolution of Firm
Necessary ledger accounts to be prepared on Dissolution of firm includes Realization account…
Dissolution of Partnership Firm
Realization Expenses on Dissolution
Realisation expenses can be paid in cash or can be paid by a partner. Sometimes a partner …
Final Accounts of Sole Proprietor
Final Accounts of Sole Proprietor
The basic objective of preparing Financial Statements is to know about the profit or loss during the …
Final Accounts of Sole Proprietor
Final Accounts Formats
These are the formats for preparing Financial Statements for sole proprietor. The formats however …
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 1
Any information given outside the Trial Balance is called adjustment or additional information…
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 2
Any information given outside the Trial Balance is called adjustment or additional information.
Final Accounts of Sole Proprietor
Final Accounts with Adjustments 3
All the adjustments given outside the Trial Balance should be treated at two places.
Fundamentals of Partnership Accounting
Past Adjustments – Illustrations
A, B and C, are partners with capitals of ₹100,000, ₹200,000 and ₹300,000 respectively sharing …