Definition of DividendIt is a distribution of part of the company’s earnings to its equity shareholders. The company’s board of directors decides the amount… Read Article
Company debenture is one of the important sources of finance for large companies, in addition to equity stocks, bank loans, and bonds. Companies need… Read Article
A statement of cash flows is one of the three types of basic financial statements, along with the balance sheet and income statement. This… Read Article
The balance sheet, also known as the statement of financial position, represents a given company and its financial position at a given date (generally… Read Article
What are the differences between Cash and Accrual Accounting?Cash and accrual accounting are the two methods of accounting used by businesses to record transactions… Read Article
Different branches of accounting came into existence, keeping in view various forms of accounting information needed by different classes of people. They may be… Read Article
Liabilities: DefinitionLiability is a legal obligation of an individual or a business entity towards creditors arising out of some transactions. A clearer definition of… Read Article
What are Assets in Accounting?An asset is a resource or property having a monetary/economic value possessed by an individual or entity capable of generating… Read Article
Double Entry Accounting under the double-entry system of bookkeeping is the scientific, self-sufficient, and accurate system of accounting which states that every transaction has a corresponding and… Read Article
Debit and credit are two sides of the same accounting entry. These are the fundamental “effect” of each financial transaction. For maintaining correct accounting… Read Article