Accounting Ratios and Formulas: The Basics You Need to Know
Ratio can be defined as the relationship that exists between two figures. Accounting ratios are used in the interpretation of financia...
Ratio can be defined as the relationship that exists between two figures. Accounting ratios are used in the interpretation of financia...
Manufacturing of goods is the transformation of raw materials into finished or semi finished goods. Some firms have to manufacture their ...
These are some of the commonly used acronyms and abbreviations in the accounting profession. They are arranged in alphabetical order. A...
Generally accepted accounting principles (GAAP) can be defined as a common set of accounting principles, standards and procedures that ...
Accounting principles are the rules and guidelines that companies must follow when reporting financial data or information. To underst...
Fixed deposits is a saving instrument. they earn the investor a higher rate of interest than a regular savings account. It is a term dep...
The segregation of duties concept disallows the assignment of responsibility to one person for the acquisition of assets, their custody,...
International Accounting Standards approved how various accounting transactions were to be recorded, presented and reported in an organ...
The Trial Balance does not show accuracy in ledger account, is not absolute proof of the accuracy. It is just a proof only of the arithme...
Trial balance can be defined as the schedule or list that shows the debit and credit balances which are extracted from the ledgers, to ...
Financial market regulation can be defined as a framework of rules, laws and principles which guide the operation of the Capital market ...
Data in accounting is the term used to describe the basic fads introduced as the input to a system e.g rate of pay and hours worked by a...