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Category Archives: Accountancy

When the firm is reconstituted all the accumulated profit, reserves and losses are transferred to Partner’s Capital Accounts (if capital is fluctuating) or Current Accounts… Read More
What is Workmen Compensation Reserve? Workmen Compensation Reserve is the reserve created out of profits to meet the needs of employees or workers. An amount… Read More
What is Workmen Compensation Reserve? Workmen Compensation Reserve is the reserve created out of profits to meet the needs of employees or workers. An amount… Read More
A reserve that is created out of profit to meet the change in the market value of the investment is termed an Investment Fluctuation Fund.… Read More
Depreciation refers to the decrease in the value of assets of the company over the time period due to use, wear and tear, and obsolescence.… 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
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
The movement of cash & cash equivalents or inflow and outflow of cash is known as Cash Flow. Cash inflows are the transactions that result… Read More
The movement of cash & cash equivalents or inflow and outflow of cash is known as Cash Flow. Cash inflows are the transactions that result… Read More
Capital Reserves: The reserves which are created out of the Capital Profits of a firm are known as Capital Reserves. Here, capital profits are 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
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
Whenever a partner retires from a firm, his/her share of profit is acquired either by all the remaining partners or some/ one of them. This… 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
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

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