Posts of - Accounting

Accounting Standard 10 (AS 10): Property, Plant and Equipment

Accounting Standard 10 (AS 10) – Accounting for Fixed Assets. The objective of this Standard is to prescribe…

ByByCAknowledgeAug 14, 2024

Ind AS 2: Inventories, Difference Between IndAS 2 and AS 2

IndAS 2: The objective of this Standard is to prescribe the accounting treatment for inventories. This Standard provides…

ByByCAknowledgeAug 14, 2024

Backorder: Importance, Backorder costs with Easy Example

Backorder: Placing an order for an item that is temporarily out of stock is called back-ordering. When you…

ByByCAknowledgeAug 14, 2024

Marginal Costing Introduction and Calculation of P. V. Ratio

Marginal costing, also known as variable costing, is a cost accounting technique that focuses only on the variable…

ByByCAknowledgeAug 14, 2024

Limitations of Accounting, Disadvantages of Accounting (Detailed)

Limitations of Accounting, What are the Limitations of Accounting: Accounting is not fully exact: Accounting is influenced by…

ByByCAknowledgeAug 15, 2024

Accrued Liabilities: Meaning, Definition with Examples

An accrued liability is a current liability and it arises as a result of work performed and acknowledged…

ByByCAknowledgeAug 15, 2024