📢 Session Alert with Kuldeep Sir!
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📅 Date: 18th April
⏰ Time: 5:00 PM
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📘 Accrual Concept – Short Note (CA Intermediate)

The Accrual Concept is a fundamental accounting principle that states:

🔹 Revenues and expenses should be recognized in the period in which they are earned or incurred, not when cash is received or paid.

🔍 Key Aspects:
- Income is recorded when earned, regardless of actual cash receipt.
- Expenses are recorded when incurred, not when paid.
- Ensures that financial statements reflect the true financial position and performance of an entity.

📌 Example:
If a company sells goods in March but receives payment in April, the revenue is recorded in March (the month of sale).

✅ Why it Matters:
- Accrual accounting provides a more accurate picture of an entity's financial activities.
- It is mandatory under AS & Ind AS for most business enterprises.

🚀 CA Inter May 2025 Aspirants!
Ready to conquer Corporate & Other Laws? 💼💥
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🗓️ 19th April | 4 PM
🗓️ 20th April | 12 PM
📍 Live on CA Intermediate by PW

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✧'*Corporate and Other Laws: Corporate Laws Part -1 | Marathon*'✧

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Hello, Students! 🌟 *You're invited!* 🎉

For the grand launch of the *PW SuperClass Centre*—*Patna*! 🎉
📅 Date: April 20th, 2025
📍 Venue: Darbari Govind Complex, 1st Floor, West Boring Road, Canal Rd., Patna – 800001

Join us for an unforgettable day with:
✨ Faculty Interactions | 📘A peek into the learning space | 🎉 Big *surprises* |
🎁 *Free Refreshments* | 🤝 Chance to meet *Nitin Goel Sir* & *Much More*……

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✧'*Corporate and Other Laws: Corporate Laws Part -2 | Marathon*'✧

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✧'*Income Tax And GST Topper's Answer Writing Sheet*'✧

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🔑Your Key To Cracking
🏆The CA Final May 2025 Exam
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📌 AS 10 – Property, Plant and Equipment (PPE) – Summary Note

Definition:
Property, Plant and Equipment are tangible items:
✅ Held for use in production/supply of goods or services, for rental, or for administrative purposes.
✅ Expected to be used during more than one period.

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Key Points:

🔹 Initial Recognition:
- Recognized when:
- Future economic benefits are probable.
- Cost can be reliably measured.

🔹 Cost Includes:
- Purchase price (net of discounts)
- Directly attributable costs (e.g., site prep, delivery, installation)
- Initial estimate of dismantling/restoring cost (if applicable)

🔹 Subsequent Measurement:
- Cost Model: PPE carried at cost less accumulated depreciation and impairment.
- Revaluation Model: Carried at fair value at date of revaluation less depreciation.

🔹 Depreciation:
- Systematic allocation of depreciable amount over useful life.
- Reviewed annually and revised if necessary.

🔹 De-recognition:
- On disposal or when no future economic benefits are expected.
- Gain/loss = Sale proceeds – Carrying amount (goes to P&L)

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📝 Tip for Exam:
Remember journal entries for purchase, depreciation, revaluation, and disposal. Practice numerical questions from past exams for better understanding.

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✧'*Income Tax ⁠MCQs | Practice Session -1*'✧

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