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Posted by Terms compared staff | Jun 20, 2019 | Finance |
Definitions and explanations Long term capital gain Capital gain arises when a capital asset is sold at more than its cost. It is calculated as sales proceeds less cost of the asset. Long term capital gain is the gain arising on...
Read MorePosted by Terms compared staff | Jun 20, 2019 | Accounting |
There are many financial reporting frameworks used over the globe for preparation of financial statements. Some frameworks are specific to some countries or regions and some are internationally accepted and used. Accounting...
Read MorePosted by Terms compared staff | Jun 16, 2019 | Accounting |
Definitions and explanations Right Shares: According to the Companies Act, 2013 an organisation is allowed to further raise its subscribed capital by allotting new shares at discounted rates to existing shareholders. Such shares...
Read MorePosted by Terms compared staff | Jun 14, 2019 | Accounting |
Accounting concepts and accounting conventions both are set of guidelines and procedures for preparing financial statements and aim improve the true and fair view of financial statements. Both are accepted and recognized all...
Read MorePosted by Terms compared staff | Jun 13, 2019 | Accounting |
Accounting is an act of recording, analyzing, classifying, summarizing and presenting the financial information of a business entity. When we complete all the steps in accounting, it is called accounting cycle. All the financial...
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