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Category Archives: Accountancy

Whenever a partner retires, the capital of the remaining partners is changed. As a result of this, some partners may have to bring in desired… Read More
A Vertical Analysis of Financial Statements of a company, in which the amount of individual items of a Balance Sheet of Statement of Profit &… Read More
Goodwill is an intangible asset that is either self-generated or purchased. It is the value of benefits that a business has because of the factors… Read More
What is Issue of Debentures as Collateral Security? A company may have to issue debentures as a subsidiary or secondary security in addition to the… Read More
What is a Common-size Financial Statement? A Vertical Analysis of the Financial Statements of a company, in which the amount of individual items of a… Read More
For the estimation of an organisation’s future progress, it is essential to look into its past performance, for which performing a comparative study of two… Read More
The accounting process ends with the preparation of the financial statement. The information about the financial position of any company is provided with the help… Read More
What is Goodwill? Goodwill is an intangible asset that is either self-generated or purchased. It is the value of benefits that a business has because… Read More
A distinct account that records all the transactions between the Partnership firm and the partners to figure out the share of each partner in the… Read More
A Partner’s Capital Account is a separate account that records all the transactions between the Partnership firm and the Partners in order to determine the… Read More
A unit of capital or an equal portion of the share capital of an organisation divided, whose ownership is evidenced by a share certificate is… Read More
Sometimes the retiring partner may agree to receive the settlement amount in instalments instead of taking the full amount at once. The principal amount is… Read More
What are Shares? When the total capital of the company is divided into units of small denominations, it is known as shares. For example, if… Read More
Issue of Debentures for consideration other than cash means that the company has not received amount (in cash or by cheque) against the debentures issued.… Read More
A deceased partner’s legal executors are entitled to receive a share of the profit until the death date of the deceased partner. Such profits are… Read More

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