surajlaxkar008@gmail.com

What is Accounting Equation ? Accounting Equation is the basis for recording business transactions in books of accounts. Assets = Liabilities + Capital A business’s assets are financed by either the owner or third parties. This equation represents the equality of assets, liabilities, and capital between owners and outsiders. An Accounting Equation is a mathematical

In this blog we are going to discuss about what is Goodwill in Accounting, Types of Goodwill in Accounting, Importance of Goodwill and calculation process of Goodwill. What is Goodwill in Accounting ? In accounting, goodwill is defined as the value of a business that exceeds its assets minus liabilities. Goodwill is recorded when the

In this blog we are going to discuss management accounting and objectives of management accounting. What is Management Accounting ? Management Accounting, is the process of identifying, evaluating, interpreting, and conveying financial information to managers in order for them to make educated decisions that support a company’s long-term goals. In simple words we can say

What Are Accounting Concepts ? Accounting concept is a procedure that helps an organization prepare and record financial transactions, as well as organize bookkeeping activities. When accounting ideas are successfully implemented, firms are encouraged to integrate and analyze financial transactions into meaningful accounting procedures. In simple words we can say that,Accounting concepts are the theoretical