Debentures in Accounting
A debenture is a document that acknowledges the debt. Debentures in accounting represent the medium to a long-term instrument of debt that large companies… Read Article
Balance Sheet
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
Sinking Fund – A Fund To Help You Sink Your Debt
A Sinking fund is like a special purpose saving account. The company deposits the money with the intention to repay a debt or replace… 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
Goodwill
What is Goodwill?Goodwill is an intangible asset arising in the course of the purchase of one business by another business. It is symbolic of… Read Article
How to Amortize Intangible Assets? – All You Need To Know
What is the Amortization of Intangible Assets?Amortization refers to the systematic allocation of an asset’s cost over its useful life. By amortizing intangible assets,… Read Article
Three Statement Model
What is a Three Statement Model?The three-statement model is a fundamental financial analysis tool used by businesses and investors to evaluate the financial health… Read Article
Limitations of Financial Statements
The primary limitations of financial statements are their heavy reliance on historical costs, indifference to inflation, being prone to fraud, being easily manipulated, etc.… Read Article
Types of Financial Statements
There are three basic types of financial statements. We categorize another two important parts of an annual report as financial statements. Let’s begin our… Read Article
Fixed Asset Register
What is Fixed Asset Register?The fixed asset register contains the list of all the fixed assets a business owns. The purpose behind maintaining is… Read Article