Education
Education related posts
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A Comparison of the revenue recognition criteria for the sale of goods with those for the rendering of services.
Revenue recognition criteria set out in the Objective paragraph of IAS 18. Revenue from the sale of goods can be…
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What is the asset or liability model for the definition and recognition of income?
The asset or liability model for the definition and recognition of income: The definition of income as encompassing both revenue…
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Why a company make an appropriation of retained earnings?
Appropriation of retained earnings are made for: –Â Â Â Â Â Â dividends, cash or shares –Â Â Â Â Â Â transfer to other reserves May also like…
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Advantages And Disadvantages Of Private Placement Of Shares
What is Private Placement of Shares : Private placement of shares is – where a company places the shares with…
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Difference between a renounceable and non-renounceable rights issue
A rights issue is an issue of shares with the terms of issue giving existing shareholders the right to an…
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Difference Between Financial And Physical Capital Maintenance
Financial and Physical Capital Maintenance concept and their implications: A financial capital maintenance concept of capital means when the capital…
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Difference Between Income Revenue And Gains
Difference between Income Revenue and Gains Difference between income revenue and gains should be well understood by the accountants. The…
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Income Recognition Principle: Fair Value Of Land
Income Recognition Principle: Do You Think The Fair Value Of The Land Is Income To The Company?  The fair value…
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Characteristics Of A Liability As Per Conceptual Framework
Essential characteristics of a liability : A liability is defined in the current Conceptual Framework as ‘a present obligation of…
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Characteristics Of An Asset In Accounting
Not everything in accounting can be treated as assets. Recognition of liabilities, expenses and revenues are having specific recognition criteria.…
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