Gain on Sale of Asset
Gain on Sale of Asset refers to the profit realised when a fixed asset is sold for more than its book value. The gain is recorded as non-operating income in the financial statements. Recognising such gains accurately is essential for evaluating investment decisions and asset disposal efficiency.
More Items
Green Accounting
Green accounting, or environmental accounting, integrates environmental costs into financial reporting. It tracks expenses and benefits related to sustainable practices,…
Gratuity
Gratuity is a statutory payment made by employers to employees as a reward for long-term service. It is typically paid…
Gross Fixed Assets
Gross fixed assets represent the total value of a company’s tangible assets before depreciation. This includes buildings, machinery, vehicles, and…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.