Accounting Standard 10 (AS 10) – Accounting for Fixed Assets. The objective of this Standard is to prescribe…
IndAS 2: The objective of this Standard is to prescribe the accounting treatment for inventories. This Standard provides…
Backorder: Placing an order for an item that is temporarily out of stock is called back-ordering. When you…
Marginal costing, also known as variable costing, is a cost accounting technique that focuses only on the variable…
Limitations of Accounting, What are the Limitations of Accounting: Accounting is not fully exact: Accounting is influenced by…
An accrued liability is a current liability and it arises as a result of work performed and acknowledged…