Intangible Assets
Meaning of Intangible Assets
Intangible assets are those assets that have no physical identity or presence. And therefore, one can not touch or see… Read Article
Financial Accounting
Net Book Value
Meaning of Net Book Value
The term ‘Net Book Value’ or NBV refers to the net value of assets reported by the company on… Read Article
Net Income Formula – Calculation and Example
Net Income FormulaNet Income Formula is a formula used for the calculation of the net earnings of the company. The net income formula helps… Read Article
Tangible Assets – Meaning, Importance, Accounting and More
Tangible Assets or hard assets are very crucial for carrying out business operations. They are the main type of assets for any company that… Read Article
LIFO Liquidation – Meaning, Use and Example
Companies have two possible ways to store and issue inventory and raw materials. These are LIFO and FIFO. Where LIFO means Last In First… Read Article
Deferred Tax Liabilities – Meaning, Example, Causes and More
Deferred Tax Liabilities or Deferred Tax Liability (DTL) is the deferment of the due tax liabilities. In other words, when the due tax will… Read Article
Carrying Value – Meaning, Examples and More
Carrying value, or the carrying amount, or the book value, is the value of assets based on figures in the balance sheet. It is… Read Article
Profit and Loss Statement
Introduction to profit and loss statementThe profit and loss statement is one of the three most important financial statements that reflect any Company’s performance… Read Article
Consignee – Meaning, Role, Difference and Accounting Entries
Consignee – MeaningThe Consignee and the Consignor are two terms used in the consignment business where a manufacturer or wholesale dealer sends a shipment… Read Article
Accumulated Depreciation – Meaning, Accounting and More
Accumulated depreciation is the total or cumulative depreciation amount of an asset. That is to say; this accumulation is since its purchase by the… Read Article
Cost Accounting vs. Financial Accounting – All You Need to Know
Cost accounting and financial accounting are the branches of accounting. Both these deal with recording and presentation of financial information, but their objective is… Read Article