Trade Debts

Trade Debt

Meaning and Definition of Trade DebtTrade Debt is defined as the money payable by a Company to its supplier for goods or services received… Read Article
Bank Statement

Bank Statement

A bank statement is a summary of all the transactions done by the account holder every time period. It is a detailed list of… Read Article
Types of Invoices

Types of Invoice

What is an Invoice?By definition, an invoice is an itemized list of products sold or services provided and the sum total of the amount… Read Article
Working Capital

Working Capital

What is Working Capital?Working capital (WC) is the capital that helps in running the day-to-day operations of a business. It is the gap between… Read Article
Disadvantages of Trade Credit

Disadvantages of Trade Credit

Definition of Trade CreditTrade credit is an important Source of Working Capital extended or generated by the business itself. It can be defined as ‘delay… Read Article
Cost of Trade Credit

Cost of Trade Credit

Does Trade Credit also Cost?The statement “trade-credit has no explicit cost” is a misleading statement. It is only partially correct. The trade credit is… Read Article
Advantages of Trade Credit

Advantages of Trade Credit

Trade credit has various advantages, making it a favorite source of working capital for all levels for buyers and a promotional tool for suppliers.… Read Article
current-asset

Current Assets and Their Key Features

Current assets are those assets that are transformed into cash within one year. These assets include cash, marketable securities, account receivables/debtors, all types of… Read Article