Financial Accounting

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

What do we mean by Liabilities in a Balance Sheet? A liability is something that a business has to pay, either in cash or… Read Article

Trade Discounts, as the word suggests, is a reduction in the selling price. This is the discount that a manufacturer or wholesaler gives to… Read Article

A holding company is a company that does not manufacture, market or sell any product or service. Rather, it controls other companies or subsidiaries… Read Article

Debt and Liabilities are two very crucial accounting concepts. Even those who do not have an accounting or finance background use both terms regularly.… Read Article

Paid-in Capital is the money that is received by the company from the public and investors at large for the issuance of its shares.… Read Article

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

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

Impairment and Depreciation are two very important concepts in accounting. Both concepts apply to assets, especially fixed assets. And both refer to the drop… Read Article

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

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

An Onerous Contract is, as the word implies, a contract that becomes a financial burden for the company. As total cost of fulfilling this… Read Article