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 a… Read Article
Balance Sheet
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 also… 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
Physical obsolesces, Meaning, Types and Methods
Meaning of Physical obsolesces:Obsolesces negatively affect the value of the property. In other words, it reduces the value of the property. Further, obsolesces are… Read Article
APIC Accounting: Meaning, Working, Accounting Process, Importance and More
APIC: MeaningIn accounting terms, APIC stands for Additional paid-in Capital. And it is an additional amount the investors are ready to pay above the… Read Article
Unearned Revenue
Unearned revenue is the money that the individual or company receives before providing or delivering the services and goods. It can be the prepayment… Read Article
Physical Deterioration – Meaning, Categories and More
What is Physical Deterioration?Physical deterioration is the most obvious wear and tear to an asset because it is visible. An asset witnesses such deterioration… Read Article
Fixed Asset Schedule: Meaning, Elements, Format and Benefits
Fixed Asset Schedule: MeaningA Fixed Asset Schedule is an integral part of the annual accounts of the company that includes a list of all… Read Article
Budgeted Balance Sheet – Importance, Steps, Adjustments and More
A budgeted Balance Sheet is similar to a regular balance sheet and has the same line items as well. The only difference between the… Read Article
Intangible Assets
Meaning of Intangible AssetsIntangible assets are those assets that have no physical identity or presence. And therefore, one can not touch or see those… Read Article
Net Book Value
Meaning of Net Book ValueThe term ‘Net Book Value’ or NBV refers to the net value of assets reported by the company on its… Read Article