Profit is one of the most widely watched financial metrics in evaluating the financial health of a company. Accounting profit and economic profit are having… Read More »Comparison of Accounting Profit vs Economic Profit
Every business whether it is small or big needs to prepare financial statements for balancing and determining the actual position of business. Profit and loss… Read More »How do I prepare a Profit and Loss Statement?
GAAP is a set of accounting principles, methods, procedures that are used by accountants to record and report the financial statement or information. GAAP refers… Read More »What is Generally Accepted Accounting Principles(GAAP)?
Accounting is that which tells how your business records, organizes, and understands its financial information. It is one of the key functions of all businesses.… Read More »What is Accounting? What Are Its Types?