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Accounting Policies
Definition: Accounting Policies refer to specific accounting principles and applying those principles adopted by the enterprise in the preparation and presentation of Financial Statements. Need for...

Computation of Salary income
Basic Salary (+) DA (+) Bonus (+) Taxable portion of allowances (+) Advance Salary (+) Fees (+) Commission (+) Taxable value of perquisities (+) Wages (+) Profit in lieu of salary (+) Taxable...

Anand Eriwal | 27 Mar

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Meaning of Accounting
MEANING: The process of accounting starts with identifying transactions and events of a financial character and recording them in books of accounts; this will be done in primary books(Journal). After the...

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