Accounting standards

Quick Summary
This discussion covers various accounting standards and concepts. It clarifies terms like contingent liabilities, material vs. immaterial effects, prudence, and substance over legal form. The conversation also touches upon securities, different types of limited companies, and the accounting treatment of sundry debtors and creditors. Additionally, it explores capital reserves, scrap value, departmental accounting, and provides guidance on preparing capital accounts and understanding industrial training eligibility.

How to prepare capital account ledger could you plse explain me with format....plse

PERSONAL ACCOUNT- DEBIT RECEIVER AND CREDIT GIVER

PPL GET OFTEN CONFUSED WITH REAL ACCOUNT. 

IT HAS A B/D BALANCE ON THE CREDIT SIDE.

TRANSACTIONS LIKE SHARE FULLY PAID UP 1000 INR

THEN, ON THE CREDIT COLUMN- BY BANK 1000 INR (FORMATS AVAILABLE ON GOOGLE )

I WAS BUSY AND HOWS YOUR EXAM NOW

 

 

Sir how to prepare capital Account

SCHEDULE 3, SECTION 129 WILL GIVE YOU THE REAL ITEMS IN CAPITAL (EQUITY)

www.mca.gov.in/SearchableActs/Schedule3.htm

No IAM asking capital ledger account

I SENT A PM. THERE ARE LOADS OF EXAMPLES ON GOOGLE IMAGES

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