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AS 10 Property, Plant and Equipment | Accounting Standard

AS 10 Property, Plant, and Equipment | Accounting Standard 10 Revised Notes.  The objective of this Standard is to prescribe the accounting treatment for property, plant, and equipment so that users of the financial statements can discern information about the investment made by an enterprise in its property, plant, and equipment and the changes in such investment. The principal issues in …

What is Partnership Deed and What are its Main Contents?. A partnership comes into existence by agreement between the persons who want to share the profit of the business. Such an agreement may be implied by the conduct of the partners or may be express (Oral or written). In order to avoid future dispute, it is advisable to have a …

What is IRR (Internal Rate of Return) | Formula, Examples

What is Internal Rate of Return | Meaning, Calculation? In the previous articles, we have given Definitions and New Rates of CRR, SLR, Repo Rate, Reverse Repo Rate and Partnership Firm Registration Procedure in India. Today we are discussing what is IRR, and it’s formula with examples. Internal Rate of Return (IRR) is a financial metric for cash flow analysis, primarily for evaluating investments, capital …

What is Ratio Analysis : Meaning, Types of Ratios & their Formulas

What is Ratio Analysis: Meaning, Types of Ratios & their Formulas. In the previous articles, we have given IRR (Internal Rate of Return) and CAGR (Compound Annual Growth Rate). Today we are discussing what is ratio analysis, objectives of ratio analysis, different types and their formulas. A ratio analysis is a quantitative analysis of information contained in a company’s financial statements. …

Partnership Firm Registration Procedure in India | Partnership Deed

How to Start and Register a Partnership Firm in India. In the previous article, we have given What Partnership Deed is and What are its Main Contents?. Today we are discussing partnership firm registration process in India. Partnership firms in India are governed by the Indian Partnership Act, 1932. While it is not compulsory to register your partnership firm as there are …

Accounting Standard (AS) – 14 Accounting for Amalgamation

Accounting Standard (AS) – 14 Accounting for Amalgamation. This standard deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves. This Standard is directed principally to companies although some of its requirements also apply to financial statements of other enterprises. This standard does not deal with cases of acquisitions which arise when there is a purchase …

AS 6 Depreciation Accounting Revised Notes | Applicability

AS 6 Depreciation Accounting Revised Notes | Applicability. In the previous articles, we have given complete details of AS 2 Valuation of Inventory and AS 10 Fixed Assets. Today we are providing the full details of Accounting Standard – 6 Deprecation accounting. In this article, you can get the definition of A.S – 6, Applicability, Non-Applicability etc. This notes is useful for IPCC …

AS 2 Valuation of Inventory Revised Notes and Applicability

AS 2 Valuation of Inventory-Revised Notes and Applicability. In the previous article, we have given complete details of A.S 6 (Depreciation) and A.S 10 (Fixed Assets). Today we are providing the full details of Accounting Standard – 2 valuation of inventory. In this article, you can get the definition of A.S – 2 valuations of inventories, applicability, and non-applicability, valuation …