Guidelines For Preparing Final Accounts Of A Company
Generally, the policies outlined in the Statements of Standard Accounting Practice (SSAP) are developed to implement in a practical way specific broad essential accounting or assumption concepts. There...
View ArticleHow To Make Financial Year Accounting Adjustments
Almost invariably it is found at the close of the financial year that certain expenses or liabilities properly belonging to the period just ended have been incurred, but payment has not been made....
View ArticleReasons For Keeping Different Partnership Accounts
The terms of a Partnership Agreement may be of such that a number of accounts will be required to record the financial relationship of the partners. Partners Salaries It may happen that there are...
View ArticleReasons For Renewing And Retiring A Bill Exchange
The acceptor of a bill may not be in a position to honor the bill on presentation and it may be mutually arranged that he accepts a fresh bill in place of the existing one. This will extend the credit...
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