What is Accounting Period?

Accounting period refers to the time period for which accounting books are balanced and preparation of financial statements is done by business entities to… Read Article

Owner’s Equity

In simple terms, the definition of owner’s equity can be stated as “A part of the total value of a company’s assets which is… Read Article

What is Accounting Equation?

The accounting equation is the base of “Double Entry Book Keeping System”. The equation indicates the relation between the means owned and resources owned… Read Article

What is Accounting?

Accounting can be defined as the process of maintaining financial records and estimates and using the information to take critical financial decisions. In simple… Read Article

Management Accounting

Management accounting is an important decision-making tool used internally by the management. Tools like budgeting, variance analysis, cost-volume-profit analysis, BEP are some of the… Read Article