Accounts Receivable vs Accounts Payable – All You Need To Know
Accounts Receivable and Accounts Payable are business terms that are primarily used in accounting. The real difference between Accounts Receivable vs Accounts Payable is… Read Article
Financial Accounting
Accounting Profit vs Economic Profit – All You Need To Know
Profit is the most important indicator of the financial health of a company. A company that is not earning a profit is not likely… Read Article
Advantages and Disadvantages of Holding Company
A holding company is a company that does not manufacture, market, or sell any product or service. Instead, it controls other companies or subsidiaries… Read Article
Internal Growth Rate – Meaning, Importance, Formula and Example
Internal Growth RateThe Internal Growth Rate (or IGR) is the maximum growth rate that the company is confident of achieving without obtaining funding from… Read Article
Angle of Incidence – Meaning, Importance And More
The Angle of Incidence in accounting occurs when the entire sales line crosses the cost line from below in the break-even chart. Or, it… Read Article
Advantages and Disadvantages of Bank Reconciliation
Before we look into the advantages and disadvantages of bank reconciliation, let’s quickly go through what the term stands for. So, bank reconciliation is… Read Article
Leasehold Improvement GAAP
A Leasehold Improvement is the changes made to a rental property in order to meet the needs of a tenant. There can be various… Read Article
Discontinued Operations – Meaning, Disclosure And More
Discontinued Operations are that part or portion of a company’s core product that no longer functions. Also, these parts are either held for sale… Read Article
US GAAP – Meaning, History, Importance And More
Generally Accepted Accounting Principles or GAAP is also known as US GAAP as it is in use in the US. These are the set… Read Article
Extraordinary Items Under GAAP – All You Need To Know
Extraordinary items in accounting are an event or transaction that does not relate to normal business activity and occur rarely. The treatment of extraordinary… Read Article
Advantages and Disadvantages of Limited Liability Company
To understand the advantages and disadvantages of a limited liability company, let’s take the example of three individuals: Sam, Paul, and Harry. They want… Read Article