Showing posts with the label FINANCIAL ACCOUNTINGShow All
Blog What is the journal entry for goods given for CSR activity/Charity?

What is the journal entry for goods given for CSR activity/Charity?

JAFAR P P 08:34

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

Blog What are Fictitious Assets?

What are Fictitious Assets?

JAFAR P P 18:52

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

Blog What is Amortization?

What is Amortization?

JAFAR P P 01:54

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

Blog Why is Closing Stock not Shown in Trial Balance?

Why is Closing Stock not Shown in Trial Balance?

JAFAR P P 01:18

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

Blog Golden Rules of Accounting

Golden Rules of Accounting

JAFAR P P 03:46

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