Accounts Articles

The Golden Rules of Accounting

Mitali 08 January 2024 at 16:06

Golden Rules of Accounting means guiding principles for recording transactions correctly. The 3 main Golden Rules are Personal Accounts, Real Accounts and Nominal Accounts.

A Comparative Study of Ind AS 8 and AS 5

CA Rakesh Ishi 02 January 2024 at 10:25

A Comparative Analysis of Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors and AS 5 - Net Profit or Loss for the Period, Prior Period ..

Actuarial Valuation Insights: Gratuity Accounting Provision

Radhika Teredesai 02 January 2024 at 09:18

Helps Audit Professionals in ensuring compliance with accounting standards like AS -15 (R), Ind AS 19 | IAS 19 | US GAAP which mandate the use of Actuarial Valuation methods for provisioning for Long Term Employee Benefits.

Key Differences Between Ind AS 10 and AS 4 in Post-Balance Sheet Events

CA Rakesh Ishi 01 January 2024 at 08:42

1. Disclosure of Material Non-Adjusting Events Ind AS 10: Requires the disclosure of material non-adjusting events directly in the financial statements. AS 4: M..

Simplifying Variances Between Ind AS and AS in Inventory Valuation

CA Rakesh Ishi 30 December 2023 at 10:33

rakesh91ishi@gmail.com

Impact of AI on Taxation and Accounting Field

Sai Kiran 08 December 2023 at 09:17

AI has significantly impacted the tax analysis process and the accounting field by automating routine tasks, enhancing data accuracy, and improving decision-making.

Mistakes made by Small Businesses during Bookkeeping

Ishita Ramani 30 November 2023 at 08:48

This article provides a general overview of bookkeeping for small businesses and highlights the top 8 bookkeeping errors that small businesses make.

From Chaos to Clarity: Sorting Your Finances with Expert Accounting

Usama Ansari 23 November 2023 at 08:59

Whether you're a small business owner or an individual navigating the complexities of personal finances, the journey from chaos to clarity begins with expert accounting.