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What is the difference between residual value, salvage value, and scrap value? The ter…

Reserves Reserves are the investment derived from the dividend itself. When an owner o…

Contingent Asset & Liability Contingent Asset Is a possible asset that may arise f…

This formula will help you in finding out the value in the last cell of a column.  =LO…

The following long formula can help you to extract only the numbers from the text stri…

When a business decides to give goods in charity it also needs to account for those go…

The Fictitious word, itself says  “fake” . So Fictitious Assets are not an  asset  in …

Reduction in the value of an  intangible asset   by prorating its cost over a period o…

You can check the template for how INDEX formula enables the search function within th…

Not all goods purchased in beginning & during the accounting period are sold until…

What are the Three Golden Rules of Accounting? Golden rules are  used to prepare an ac…

(Updated as on 30th September 2019) Government has notified Goods and Services which a…