MeeraSharma49

carrying amount net realizable value fixed assets cost of goods sold net income revenue liabilities assets retained earnings income statement balance sheet financial accounting t accounts accounting equation credit debit double entry book keeping trial balance ledger journal weighted average cost method first out method first in specific identification method inventory cost formulae indirect labour finished goods work in progress raw material direct labour conversion costs inventory production based allocation accumulated depreciation sum of years' method declining balance method straight line method depreciation useful life residual value depreciable amount capitalization non tangible assets tangible assets historical cost book value fair value additional capital paid in capital current liability receivables payables long term debt current assets owners equity entity concept going concern dual aspect period costs gross income consistency realization matching accrual expense accounting finance horizontal format vertical format expenses owners' equity management accounting dividends icai cash flow statement