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Basic Principles of Accounting

Accounting Procedure

Golden Rules of Accounting Sl. No. Name of Account Debit Aspect Credit Aspect 1 Personal Account The Receiver The Giver 2 Real Account What Comes In What Goes Out 3 Nominal Account All Expenses All Incomes If there is an…

Accounting Standards

Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. which is a committee under…

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