Meaning of Financial Statements Financial statements of a Company are the introductory and formal periodic reports through which the commercial operation communicates fiscal information to its possessors and colourful other …
Meaning of Operating Costs in Accounting Operating costs in accounting are the charges that are related to the operation of a business, or to the operation of a device, element, …
Methods of Costing in Accounting Methods of Costing in Accounting or value accounting is a department of accounting that offers recording classifying and suitable allocation of expenditure to decide the …
Accrual vs Cash Basis of Accounting Accrual vs Cash Basis of Accounting- In order to duly apply for bookkeeping, companies need to first choose the accounting system they will follow. …
DIGITAL CURRENCY Digital currency is essentially an electronic form of currency issued by the government while cryptocurrency is a repository of value, which is protected by encryption. Cryptocurrencies are called …
What is an Accounting Ratios? As stated before, Accounting ratios are a pivotal tool of financial statements analysis. Accounting ratios are the fine number calculated as a reference to the …
The bank is a Financial Institution. The bank is one of the important aids to trade. The bank plays an important role in the economic development of the country by …
Dissolution of Partnership Firm, In such a situation, while the prevailing partnership is dissolved, the firm may continue under an equivalent name if the partners so decide. In other words, …
Accounting records, which aren’t strictly kept consistent with the double-entry bookkeeping system are referred to as Accounts from incomplete records. Many authors describe it as a single entry system. However, …
Admission of a Partner means when a new partner could also be admitted when the firm needs additional capital or managerial help. According to the provisions of the Partnership Act …
