Is Account Receivable an Asset

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
Liquid Assets

Liquid Assets

Meaning of Liquid AssetsLiquid assets are those assets that are equivalent to or as good as cash. In other words, these are assets, the… Read Article
Bank Reconciliation Statement

Bank Reconciliation Statement

A bank reconciliation statement is a synopsis of banking activities that matches a business entity’s ledger transactional records. A bank reconciliation statement is an… 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 is the capital used for running the day-to-day operations of a business. The gap between the current assets and… Read Article
Liquidity Ratios

Liquidity Ratios

What are Liquidity Ratios?Liquidity ratios give an idea about a company’s ability to convert its assets into cash and pay its current liabilities with… Read Article