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Articles by Siddharth Kadakia

Accounting Standard 2 simplified

Siddharth Kadakia 12 September 2013 at 13:04

Introduction Why is valuation of inventory so important? From a lay mans perspective there can be two reasons. Firstly since the closing stock of the previous year becomes opening stock of the current year and it goes because of the going c

Accounting Standard 1 simplified

Siddharth Kadakia 09 September 2013 at 13:01

Accounting Standard 1issued by ICAIDisclosure of Accounting PoliciesIntroduction:The standard deals with what, where, which and how accounting policies should be disclosed. The accounting policies are set of principles, methods and procedures applied