Depreciation
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 …
Capital and Revenue-Receipts and Payments
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 …
Rectification of Errors
In this chapter of rectification of error, I will discuss the different types of error and method of its rectification under the following heads. 9.01 …
Trial Balance
A Trial Balance is a statement of accounts which appears in the Ledger showing either the balancesor the total amounts of debit and credit items. …
Bank Reconciliation Statement (BRS)
A Bank Reconciliation Statement is prepared on a particular date to reconcile the bank balance in the Cash Book with the balance as per the …
Subsidiary Books
SUBSIDIARY BOOKS book contain Cash Book, Purchases Day Book, Sales Day Book, Purchases Returns Book, Sales Returns Book, Bills Receivable Book, Bills Payable Book and …
