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The Double entry system of bookkeeping is undoubtedly the fundamental and most prevalent bookkeeping system in the accounting world. The Double-entry system is a system of bookkeeping where every financial transaction is recorded in at least 2 different accounts, with equal and opposite effects on the respective accounts. In a double-entry system, the entries are made in the system to […]
DOUBLE ENTRY SYSTEM IN ACCOUNTING Read More »
Journal is a book of original entry in which all business transactions are recorded systematically. Journal means a book which records all monetary transactions on daily basis. A journal is defined as the book of original entry while the definition is more appropriate when the transactions were written in a journal before manually posting them
MEANING, FEATURES AND FUNCTIONS OF JOURNAL IN ACCOUNTING PROCESS Read More »
Traditional Approach: Traditional approach to financial statement analysis includes the Profit and Loss Account (i.e. Income Statement) and the Balance Sheet. Rules apply for Debit and Credit in the Traditional approach, such as Debit is what comes in whereas credit is what goes out. Debit refers to the expenses and the losses, and Credit refers
Traditional and Modern Approaches in Accounting System Read More »
Rate analysis for cement mortar requires estimation of materials for cement mortar, i.e. quantity of cement and sand required for 1m3 for various proportions, i.e., CM 1:2, 1:4, 1:6, 1:8 etc. So, let us first calculate quantity of cement and sand required for 1m3 of cement mortar. For 1m3 of wet cement mortar, 1.3m3 of
RATE ANALYSIS OF CEMENT MORTAR Read More »
The basic things you should know to calculate the volume of 1 bag of cement are: Density of cement = 1440 kg/ m³ 1 bag = 50 kg of cement 1 m³ = 35.3147 cubic feet 1 m³ = 10³ liters Let’s see how can we calculate the volume of 1 cement bag by using all
HOW TO CALCULATE VOLUME OF 50 KG CEMENT BAG Read More »
The sinking fund can be defined as the fund which is kept in a separate account to be used for major expanses. In general parlance, a Sinking Fund is money set aside in a separate account to pay off a debt, a way to generate funds for a depreciating asset, to pay off a future
MEANING OF SINKING FUND & ITS ADVANTAGES Read More »
Value is nothing but the worth or utility of certain building, property, machinery, equipment, etc. Value always changes from time to time and always depend upon supply and demand. The value of the property within short time may be more than its existing worth or price. There are many types of values which are used
MEANING OF SCRAP AND SALVAGE VALUE Read More »
An easement is an agreement between two parties, where one is granted land access in exchange for a fee. An easement, or easement agreement, is a real estate concept that defines a scenario in which one party uses the property of another party, where a fee is paid to the owner of the property in
EASEMENT RIGHT AND ITS TYPES Read More »
A Giffen good, a concept commonly used in economics, refers to a goods that people consume more of as the price rises. Therefore, a Giffen goods shows an upward-sloping demand curve and violates the fundamental law of demand. Giffen goods can be the result of multiple market variables including supply, demand, price, income, and substitution.
WHAT IS MEANT BY GIFFEN GOODS Read More »
MEANING OF LOCATION IN REAL ESTATE AND ITS IMPORTANCE A real estate agent’s common rhetoric is always ‘location, location, and location’ when asked as to what a property should most importantly have. As far as India is concerned, the real estate market is a diverse one when compared to many other countries. To choose a
MEANING OF LOCATION IN REAL ESTATE AND ITS IMPORTANCE Read More »
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA ORGANIZING WORKSHOP FOR REGISTERED VALUERS ON 24TH DECEMBER 2021 11:00, A M TO 02:00 PM Insolvency and Bankruptcy Board of India is organizing a one-day workshop for Registered Valuers, in hybrid mode (physical and virtual), on 24th December 2021. In view of the prevailing Covid protocol, only a limited
INFORMATION ON VALUATION -BASIC KNOWLEDGE COMPILED BY ER. VAIBHAV BANSAL VALUATION Valuation refers to the process of determining the present worth of a company or an asset. It is generally carried out by a professional valuer.it is an analytical process of determining the current (or projected) worth of an asset or a company. … An
VALUATION -BASIC KNOWLEDGE: COMPILED BY ER VAIBHAV BANSAL Read More »