Click Virtual University

Day: January 2, 2021

  • Provisions and Reserves

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    by

    Afzalur
    in ,

    In fact, provisions and reserves are such considerationswhich relate to the future needs for which a part of the current earning has to be set aside. In thisChapter, I will discuss the accounting treatment of provisions and reserves shown in the BalanceSheet of enterprises.

  • Depreciation

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    by

    Afzalur
    in ,

    Depreciation means a fall in the value of an asset because of usage or with efflux of time or due toobsolescence or accident. Every fixed asset looses its value, once it is put to use In this chapter I will discuss the following topics 11.01 Meaning of Depreciation11.02 Characteristics of Depreciation11.03 Depreciation and Other Related…

  • Capital and Revenue-Receipts and Payments

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    by

    Afzalur
    in ,

    A proper distinction between expenditure and expense, income and receipt, capital, and revenue as regard to expenditure, payments, receipts, profits, and losses, is one of the basic principles of correctaccounting. In this chapter I will discuss the following topics 10.01 Meaning and Difference between Expenditure and Expense10.02 Meaning and Difference between Income and Receipts10.03 Meaning…