Financial Accounting

What is the difference between Authorised capital, Issued capital, Subscribed capital, Called-up capital and Paid-up capital?

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How interest and dividends are disclosed in statement of cash flows?

What is the accounting treatment of Preference shares and dividend in financial statements?

Is Warranty cost capitalized or included in cost of the asset?

Is change in depreciation method a change in accounting policy or accounting estimate?

What is Inventory?

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Inventory is simply such asset that business has bought and holds with an intention to be sold in the normal course of the business i.e. it is the business of the entity to buy...

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