Book-keeping, Accounting & Accountancy Explained | खाताबही, लेखांकन और लेखाशास्त्र की सरल व्याख्या

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Book-keeping, Accounting & Accountancy Explained | खाताबही, लेखांकन और लेखाशास्त्र की सरल व्याख्या 1. Book-keeping (खाताबही) English: Book-keeping is the process of recording financial transactions systematically and chronologically. It includes recording of receipts, payments, sales, purchases, and...

What is Accounting Standard?

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What is Accounting Standard? Accounting Standard means a set of rules and guidelines that accountants must follow while preparing financial statements. The main objective is to ensure that every business records its financial transactions in a uniform way so that accuracy and comparison become easie...

Contingent Liabilities: Meaning, Examples, and Importance

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Contingent Liabilities: Meaning, Examples, and Importance Definition (परिभाषा): Contingent liabilities are possible obligations that may arise in the future depending on the outcome of a certain event. संभावित देनदारियाँ वे जिम्मेदारियाँ होती हैं जो भविष्य की किसी अनिश्चित घटना के होने या न होने पर ...

What is legacy?

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What is legacy? Legacy is a gift received through a will after the death of a person. वसीयत वह दान (gift) होती है जो किसी व्यक्ति की वसीयत (Will) के माध्यम से उसकी मृत्यु के बाद किसी Not-for-Profit Organisation (NPO) को प्राप्त होती है। In simple words: When someone writes in their will that a certa...