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Returns Inwards

Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...

Sales Returns

Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...

Elements Relating To Performance

The elements relating to the performance of an entity/ business are the main element headings that on the statement of...

Accumulated Other Comprehensive Income

The amount of other comprehensive income (OCI) that is accumulated by a firm over a period of time. Accumulated other...

Total Comprehensive Income

The summation of net income and other comprehensive income. It is the change in equity during a period that is...

Other Comprehensive Income

The income (revenue and expense items) that results from changes in net assets that involve no transactions with owners, and...

OCI

It stands for other comprehensive income; the income (revenue and expense items) that results from changes in net assets that...