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AS 2 Explained: Lower of Cost & NRV – A Complete Guide 📖 CA Guide
✍️ CA Rohit Sethi 🗓️ 23 Nov 2025

AS 2 Explained: Lower of Cost & NRV – A Complete Guide

Inventory forms a major part of assets for most businesses — especially retail, manufacturing, and trading firms.If inventory is valued incorrectly: Profit becomes wrong Balance Sheet becomes misleading Taxation gets affected To avoid this, AS 2 lays down clear rules on how inventory

AS 1 – Disclosure of Accounting Policies Made Easy 📖 CA Guide
✍️ CA Rohit Sethi 🗓️ 13 Nov 2025

AS 1 – Disclosure of Accounting Policies Made Easy

Every business follows certain rules while preparing its financial statements — like how it values stock, when it records expenses, or how it treats fixed assets.These rules are known as Accounting Policies, and AS 1 ensures that these policies are clearly disclosed so that financial statements bec

How to Start Your CA Intermediate Journey (2025 Guide) 📖 CA Guide
✍️ CA Rohit Sethi 🗓️ 06 Nov 2025

How to Start Your CA Intermediate Journey (2025 Guide)

Starting your CA Intermediate journey is a big step—whether you have cleared CA Foundation or are entering through the Direct Entry route. This stage forms the backbone of your Chartered Accountancy career and builds your core concepts in Accounting, Law, Taxation, Costing, Audit, an

Boost Your Preparation with Structured Courses & Books

Master Accounting concepts with structured video lectures, revisionary question banks and dedicated faculty doubt support.

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