GAAS vs GAAP

In the age of globalization, it is very important that companies properly prepare their financial statements. Moreover, their financial statements should be such that… Read Article

Capital Expenditure Formula

What is Capital expenditure? Capital expenditure is any expenditure that is done for purchasing, developing, or maintaining a fixed asset. Such assets should have… Read Article

Capital Expenditure Accounting

What do we mean by Capital Expenditure Accounting? Capital expenditure is the expenditure for buying long-term fixed assets in an organization. The expenditure can… Read Article

Is Account Receivable an Asset?

Each one of us knows the definition of Account Receivables. That said account receivables are the monies receivable from the debtors/customers towards the supply… Read Article

Importance of GAAP

GAAP (Generally Accepted Accounting Principles) are a set of rules and guidelines that tell a company how to prepare financial statements. All companies, whether… Read Article