Revenue recognition Certain Customer Right’s & Obligations
IFRS 15 specifies how and when an IFRS reporter will recognise revenue as well as requiring such entities to provide…
Read BBA, BMS, B.Com Syllabus wise Notes
IFRS 15 specifies how and when an IFRS reporter will recognise revenue as well as requiring such entities to provide…
Recoupment of Short workings refers to the process by which a tenant can recover the difference between the minimum rent…
Royalty accounts refer to the financial records and statements that track royalty payments made by a licensee to a licensor…
Cost Price Method The consignor wants to know two things which are: (1) To ascertain profit or loss when goods…
Section 2 (4) of the sale of Goods Act defines a Document of title to goods as “A document used…
Under invoice price method, the goods are consigned to the consignee at a price which is higher than their original…
Journal is a memorandum book to record transactions date wise. On a particular date, what are total purchases, total sales,…
Fire insurance is a type of property insurance that provides financial protection to property owners in the event of damage…
The ledger is also known as the book of second entry or the principal book of accounts. The ledger contains…
Invoice An invoice is a record of a sale or shipment made by a vendor to a customer that typically…