What is Forfeiture of Shares — Meaning, Reasons & Conditions
Shares are often issued in installments by companies. Sometimes shareholders fail to pay allotment or call money. In such cases, […]
Forfeiture of Shares
Accounting Basics
Fund Flow Statement vs Cash Flow Statement: Easy Comparison for Exams
Introduction In financial accounting and financial management, both the Cash Flow Statement and Fund Flow Statement are important tools used
Accounting Basics
Goodwill Impairment Testing under Ind AS 36
Under Ind AS, goodwill is no longer amortised. Instead, every year, companies like Tata Steel, Infosys, Wipro and ITC must
Accounting Basics
Purchased vs Self-Generated Goodwill Explained
Walk into Infosys’s office in Bengaluru and you will instantly feel its goodwill — global brand, top talent, decades of
Accounting Basics
Goodwill in Partnership: Admission, Retirement & Death with solved sums
AS-26 Rule You Must Remember Golden rule: Goodwill is never raised and kept in the books. It is adjusted only
Accounting Basics
Goodwill Valuation: Average, Super & Capitalisation – Complete guide
Method 1 : Average Profit Method Goodwill is calculated as a multiple of the average maintainable profit of past years.
Accounting Basics
What is Goodwill? A Simple Guide Every Commerce Student Must Know
1. Meaning of Goodwill Goodwill is the monetary value of the reputation, customer loyalty, location advantage, brand image and managerial
Accounting Basics
Dissolution of Partnership Firm – Complete Guide with solved sums
1. Meaning of Dissolution Dissolution of a Firm means the complete closure of the business. As per Section 39 of
Accounting Basics
Retirement of a Partner: Goodwill, Gaining Ratio & Entries
1. Meaning of Retirement When an existing partner leaves the firm while the business continues with the remaining partners, it
Accounting Basics
Admission of a Partner: Goodwill, Revaluation & Entries
1. What is Admission of a Partner? When a new partner joins an existing partnership firm to bring in additional