Author: Sanjay Bulaki Borad

LC Payment Terms

Meaning of Letter of Credit A letter of credit is a written undertaking by the buyer or the buyer’s bank known as the issuing bank to pay a certain …

Conglomerate Merger

Meaning of Merger Merger is a process in which two or more existing companies voluntarily combine together to function as one new company. A new company comes into existence …

Bills Payable

Meaning of Bills Payable Bills Payable is a liability document which shows the indebtedness of an individual, an organization, a bank, etc. When an individual or an organization makes …

Break Even Point

Break-Even Point Definition Break-even point is the level of production where the total revenues and total expenses of the company are equal. At the break-even point, the revenue of …

Lessor and Lessee

Lessor and Lessee are two parties to a lease agreement. An agreement or a contract by which the owner (lessor) of a specified asset grants permission to another party …