Classification of Cash Flow According to AS-3, cash flows for a period classified into three categories of cash inflows and cash outflows as given below: ...

Personal Liability of an Agent to the Third Party.  As agent is only a connecting link between his principal and the third party, he cannot, as a ...

Difference between dissolution of Partnership and dissolution of firm : The dissolution of partnership between all the partners of a firm is called the ...

Contract of Indemnity:  A contract by which one party promises to save the other from a loss caused to him by the conduct of the promisor himself or ...

Double counting in accounting is an error whereby a transaction is counted more than once. For example, the costs of intermediate goods used by a business to ...

Liability: Liability: is an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use ...

Interest on Debentures: Interest on debentures is a charge against profit and as such it is debited to Profit and Loss Account. While paying the interest on ...

Meaning of Redemption of Debentures: Redemption of debentures is a process of repayment of loan taken by issue of debentures. Generally debentures are ...

When debentures are purchased before the date of interest a problem may arise whether the quoted price of debentures includes interest upto the date of ...

Distinguish between CRR and DRR Capital Redemption Reserve (CRR) Legal Provision Applicable: Section 80 of Companies Act. When to be ...