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
Trade Discounts, as the word suggests, are 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
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