3 Replies
Bhanu
(hyderabad)
(1653 Points)
Replied 19 October 2018
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information.
It reveals profit or loss for a given period,( through p and l statement) and the value and nature of a firm's assets, liabilities and owners' equity( through balancesheet)
It reveals profit or loss for a given period,( through p and l statement) and the value and nature of a firm's assets, liabilities and owners' equity( through balancesheet)
Recent Topics
- Reporting Dividend in ITR2
- Tax Audit Applicability for F&O Loss
- Resume of my studies
- Payment Platform Compliance for Freelance Income
- Insurance commission of 3lacs & along with oth
- Regarding digital signature on sale bill
- Digital signature in sale invoice
- GST notice in Form GSTR-3A issued u/s 46 to person
- Filing LTC Gains and loss in ITR1 FY2024-25
- IRN at e_waybill print out
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
