Ind AS 40 Investment Property
Objective and Complete details Ind AS 40 Investment Property The objective of IND AS 40 standard is for prescribing the accounting treatment for property (land or buildings) which is held to …
Ind AS 38 Intangible Assets or fictitious assets
OBJECTIVE The objective of this Standard is for authorizing the accounting treatment for intangible assets that aren’t dealt with specifically in another Standard. This Standard also requires an entity for recognizing …
Ind AS 36 Impairment of Assets
Objective Ind AS 36 Impairment of Assets ? The main objective of this Standard is to prescribe the method that an entity is applying for ensuring that its assets are not …
What Is Straight Line Depreciation
What Is Straight Line Depreciation? Straight line depreciation is an usual technique of devaluation where the value of a fixed asset is minimized over its useful life. It’s made use of …
Liability – Definition and Types
What is Liability? Liability is a term in accountancy that is used to define any type of economic responsibility that a service needs to pay at the end of a bookkeeping …