Differences between Trade Discounts and Cash Discounts
Trade Discounts and Cash Discounts: Meaning
Discount is any reduction that a seller offers on the price of its products or services. Sellers provide… Read Article
Financial Accounting
GAAS vs GAAP
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
Calculation of Liabilities from Balance Sheet
What do we mean by Liabilities in a Balance Sheet?
A liability is something that a business has to pay to its stakeholders and… Read Article
Trade Discounts – Meaning, Benefits, Accounting, and More
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
Holding Company Structure – How it Works, Benefits, and More
What is a Holding Company?As the name suggests, a holding company holds the stocks of another company. Such a company does not usually carry… Read Article
Debt vs Liabilities – All You Need to Know
Debt and Liabilities are two very crucial accounting concepts—even those who do not have an accounting or finance background use both terms regularly. In… Read Article
How to Calculate Total Paid-in Capital?
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
Capital Expenditure Formula
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
Capital Expenditure Accounting
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 vs Depreciation – All You Need to Know
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
Is Account Receivable an Asset?
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