Financial Accounting

Imagine a scenario where a company needs a piece of machinery, equipment, or even office space for its operations. Instead of purchasing it outright,… Read Article

Accounting is like keeping track of money for businesses. It is important for all types of companies, no matter how big or small they… Read Article

Accounting Information System or AIS assists companies to gather, save, analyze, and report financial and accounting data that is of use to internal management,… Read Article

Cash and cash equivalents are the liquid assets in any business. The purpose of keeping cash and cash equivalents is to meet daily expenses,… Read Article

Who is a Fund Accountant? A fund accountant is a skilled and organized person who can prepare and maintain accounts related to a specific… Read Article

What is Capital Work in Progress? Capital work-in-progress or CWIP is one of the most important components of the non-current assets of an entity.… Read Article

Temporary Account: DefinitionTemporary Account, as the name suggests, is an account that exists to record the transactions of one accounting period only. Such an… Read Article

What is Accounting Worksheet?Accounting Worksheet is basically a spreadsheet tool that assists bookkeepers and accountants in completing the accounting cycle. Or, we can say… Read Article