Accounting

The Introduction Accounting theory has gone through rapid changes and innovations in recent years. These changes have been categorized as new accounting theory. These innovations and new theories go against and differ from the traditional theory of accounting. There are gaps in the way that varying companies account for their […]

You have located a property that is the proverbial “diamond in the rough.” The purchase price is incredibly reasonable and with the right updates and improvements, the property could be flipped for a substantial profit. This all sounds great, but you suddenly realize – how can I afford to buy […]

Abstract The telecom service providers have always followed a growth trajectory in the past decade through increase in customer base as well as adding considerable numbers to their annual revenue. They have kept the pace with the competitors and have played the game with amazing success in the past. But […]

A business plan is your road map to profitability and success. A well-conceived plan describes the vision you have for the business and the path you will take to achieve that vision. It also serves as a communication vehicle for employees, customers and potential financial resources. An effective business plan […]

Personal Accounts Accounts recording transactions relating to individuals or firms or company are known as personal accounts. Personal accounts may further be classified as : (1) Natural person’s personal accounts: The accounts recording transactions relating to individual human beings e.g., Anand’s A/c, Remesh’s A/c, Pankaj’s A/c are classified as natural […]

Advantages (Objectives of Trial Balance) 1. It ensures that the transactions recorded in the books of accounts have identical debit and credit amount. 2. Balance of each ledger account has been computed correctly. 3. Balance of each and every ledger account has been transferred accurately and on the correct side […]

Medical billing service providers come in many different shapes and sizes. At one end of the spectrum are large Practice Management Companies, with an extensive network of support but sometimes rigid and expensive. At the other end are small, home-based businesses. With more and more programs offered through local colleges, […]

1. Auditing It involves the examination of financial statements and generally forms an important part of the work of a practicing CA. All limited companies must have their financial statements audited by an outside CA. The major duties of a company’s auditor are examining and verifying the company’s financial statements; […]