Comparative Financial Statements – Meaning, Importance, and Example
Comparative Financial Statements, as the word suggests, are the statements that show the financial numbers of more than one year (consecutive periods) of an… Read Article
Balance Sheet
Other Comprehensive Income – Meaning, Importance, Example, and Report
Other comprehensive income or OCI are those income, expenses, gains, and losses that the company is yet to realize. Since these are unrealized items,… Read Article
Bills Receivable – Meaning, Endorsement, Characteristics, and Journal Entries
Meaning: Bills ReceivableBills receivable is a document or a bill of exchange that is generated when the seller sells some goods on credit to… Read Article
Methods for Valuation of Goodwill
There are many ways for the valuation of goodwill. As we already know, the amount of goodwill is predicted or assumed because goodwill is… Read Article
Accounting for Goodwill
Goodwill is an important part of the business, and it is one of the intangible assets. It is used for the valuation of the… Read Article
Difference between Capital Profit and Revenue Profit
Capital Profit and Revenue Profit: MeaningProfit is a financial gain that commercial organizations make by performing business activities. The very basis of running a… Read Article
Off-Balance-Sheet Financing – Meaning, Methods, Example, and More
Off-Balance-Sheet Financing, as the name suggests, is a practice of keeping certain items away from the balance sheet. Usually, there are certain liabilities that… Read Article
Difference Between Retained Earnings and Reserves
Risk and uncertainties are part and parcel of every business. How well a business makes preparation to handle these risks and uncertainties is what… 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 third… 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