Dear Students, Identification of Revenue and Capital natured expenditure is essential for us. It is the base for many of the chapters in your Accountancy Syllabus. Let us understand these terms with several...
Dear students,Depreciation refers to a phenomenon where the value of a fixed asset falls year on year. This change is due to obsolescence in technology, efflux of time and wear and tear of the fixed asset...
The term Forfeiture of Shares refers to Cancellation of Shares by the Company. The company decides to cancel/forfeit the shares of a member/shareholder as, the shareholder must not have responded to the...
Tension is a special type of force which is applicable in a stretchable body like rope or string. Its direction is towards the pulley. If rope or chain is massless,frictionless or smooth, then tension...