GAAP

What is GAAP? Generally Accepted Accounting Principles (US) are the commonly followed and accepted set of rules, procedures, and guidelines adopted by SEC (Securities and Exchange Commission) for reporting …

Bad Debts

Bad Debts Meaning A bad debt is a receivable that is now irrecoverable from that person who was supposed to pay the same. The reason for nonpayment by the …

Trial Balance

Trial Balance Meaning The trial balance is a bookkeeping systematized worksheet containing the closing balances of all the accounts. There are two sides of it- the left-hand side (Debit) …

Flotation Cost

What is Flotation Cost in Finance? Flotation cost is the fee charged by investment banker for its assistance in raising new capital. This flotation cost includes legal fees, underwriting …