Accounting Conventions
Accounting Conventions Following are the accounting conventions: Convention of Materiality Materiality concept states that items of small significance need not be given strict theoretically correct
4 January 2023
Accounting
What is Slip System? Advantages, Disadvantages
Whati is Slip System? Slip is a method of rapid posting in books maintained under Double Entry principle. Under this system, posting is done from
4 January 2023
What is Consolidated Financial Statements? Advantages, Disadvantages
What is Consolidated Financial Statements? A consolidated financial statement is financial statement, which represents the financial information of holding company and its subsidiary company as
4 January 2023
What is Holding Company? Advantages, Disadvantages
What is Holding Company? A holding company is a company or limited liability company (LLC) which has control over another company. When a company acquires
4 January 2023
Accounts of Holding Company: Types, Advantages, and Disadvantages
What is a Holding Company? A company that has one or more subsidiary companies having full control over them. It is formed for the purpose
4 January 2023
Internal Reconstruction of Company: Difference, Methods
Internal reconstruction means the reorganization of the capital structure of a company without forming a new company and without liquidating the existing company.
4 January 2023
Amalgamation of Companies: Objectives, Types, Advantages, Differences
What is Amalgamation of Companies? The amalgamation of companies means to form one company by merging two or more companies. It may also mean that
4 January 2023
Purchase of Business: Purchase Consideration, Methods
Meaning of Purchase of Business Purchase of Business generally means buying of one business firm by another business firm. But the term is used differently
4 January 2023
What is Valuation of Shares? Importance, Methods, Purpose and Need
What is Valuation of Shares? In the cases of shares quoted in the recognised Stock Exchanges, the prices quoted in the Stock Exchanges are generally
4 January 2023
Valuation of Goodwill: Nature, Factors, Methods for Valuation, Why do we Need
What is Goodwill? Goodwill of a business means reputation, popularity, or image of the business in the market. Goodwill of a business is earned by
4 January 2023
