Accounting Principles, Concepts and Conventions

Accounting Principles, Concepts and Conventions In an accounting period, the income displayed must be set off against the expenses incurred to generate that profits. This gives a true & fair view of the profit earned in that period. Accrual Under accrual, method of accounting revenue is recognised when it is earned rather than when received, similarly expenses are recorded when incurred than actually paid. … Continue reading "Accounting Principles, Concepts and Conventions"

How to be an accountant in India?

How to be an Accountant in India? In order to be an accountant in India there are few steps that need to be taken in terms of educational qualification, experience and certain skills to be acquired What is the Educational Qualification to become an accountant? To be an accountant you should opt for commerce stream after your 10th lass with … Continue reading "How to be an accountant in India?"