Cash book to cash book
Add:
Standing order
Bank interest
Direct debt
Credited transfer entered into bank statement
Less:
Dishonoured cheque
Bank charge
...
Thursday, 30 April 2015
Sunday, 26 April 2015
INTANGIBLE ASSET
Intangible asset is an asset which you cannot touch.It is an intangible. You can not touch in your hand, can not see .Example of intangible assets are copyright,trademark,patent,domain name, brand name etc.
Sometimes intangible assets value is far grater than tangible assets value such as goodwill.It is shown on a company's balance sheet....
DOUBLE ENTRY BOOK KEEPING
Double entry is a system where involve two account. One is debit and one is credit.For example a business got some money from his customer, the company's asset is incressed and decressed liability. we can explain it by-
cash---------------dr
...
PRESENTATION OF FINANCIAL POSITION
PRESENTATION OF FINANCIAL POSITION: IAS 1 incorporates the recommended formats for company published accounts. The following summaries are required: 1.statement of financial position 2.income statement 3.statement of comprehensive income 4.statement of changes in equity 5.notes to the account 6.statement of cash fl...
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