Accounting: For CA IPCC Exam Group 1 (IPCC Accounts Group I)CA. Ravi Chugh |
Common terms and phrases
31st March a/c Dr Accounting Policies amalgamation Amount ASSETS Amount Assets and Liabilities Assume average due date Balance Sheet Book value Capital Accounts Capital Reserve Carrying value Cash & Bank Cash Flow Statement Cash in hand Cash Price charged Closing Capitals Closing Stock contract cost Credit crores Current Assets Debentures depreciation ended 31st Equity Share Capital firm sharing profits Fixed Assets following information fully paid Furniture Goodwill Gross Profit Hints hire purchase Hire Vendor Income Instalments due interest on capital Inventory Investment lakhs Land and Building LIABILITIES Amount ASSETS loan Loss A/c Loss Account method necessary Journal entries necessary ledger accounts Opening Capital Outstanding partners Pass necessary Journal payment period Plant and Machinery Pref Preference shares premium Profit & Loss Profit and Loss Profit on sale Provision Purchase Consideration ratio Receipts repossessed revenue salary shares of Rs.10 sold Subscription Sundry Creditors Sundry Debtors takenover transferee company turnover