Assets vs Liabilities – All You Need To Know
Even if you don’t have a business or accounting or financial background, you would have heard the terms assets and liabilities. These terms are… Read Article
Assets
Advantages and Disadvantages of Bank Reconciliation
Before we look into the advantages and disadvantages of bank reconciliation, let’s quickly go through what the term stands for. So, bank reconciliation is… Read Article
Capital Expenditure
What is Capital Expenditure?Capital expenditure or CapEx is the expenditure incurred by the Company to acquire or upgrade or maintain tangible assets like plants… Read Article
Salvage Value – Meaning, Importance, How to Calculate
Salvage Value is the amount that a company expects to get at the end of the useful life of an asset. There are various… Read Article
Net Realizable Value – Meaning, Formula, Uses And More
The Net Realizable Value or NRV is the value of an asset that a seller expects to get less the cost or expenses in… Read Article
Classified Balance Sheet – Meaning, Importance, Format And More
The classified balance sheet shows various information under different subcategories. In simpler terms, the major items such as assets, shareholders’ equity & liabilities, and… Read Article
Impairment Cost – Meaning, Benefits, Indicators And More
Impairment Cost or charge is the drop in the value of an asset on a permanent basis. Whether the asset is tangible or intangible,… Read Article
Monetary Assets
Monetary Assets consist of those assets that have a value to pay or receive in a fixed number of units of currency. However, before… Read Article
Revaluation of Fixed Assets
Meaning of Revaluation of Fixed AssetsRevaluation of fixed assets is undertaken to determine the current value of the assets owned by the organization. The… Read Article
Fixed Asset Accounting
What are Fixed Assets?Fixed assets are tangible assets purchased for the supply of services or goods, use in the process of production, letting out… Read Article
Fundamental Accounting Equation
What is the Accounting Equation?In the realm of finance and accounting, there exists a fundamental equation that serves as the cornerstone of all financial… Read Article