The term ERP, you will see in every business. In the past years, different modules were also at that time but it took a lot ….
Category: Accounting
Interest Coverage Ratio is the mathematical way of analyzing the company’s financial health with their paying capacities and abilities. The motive of calculating this ratio ….
Liability is the responsibility of the business to pay there all the due either to the owner or a third party. There are four types ….
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. ….
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 ….
Accelerated depreciation is referred to those methods where the asset cost is depreciated at a faster rate than the straight-line method and therefore it leads ….
Annual Equivalent Rate or AER is the rate of interest an investor gets for a saving account for a year on a yearly basis. Annual ….
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 ….
The Expanded accounting equation plays a similar role in varieties of business like a partnership, sole-proprietorship, a public or private corporation. Each business has different ….
An auditor is a person who is appointed for another firm especially for analyzing the financial statements of the firm according to the rules of ….
Balance Sheet A Balance sheet is a concept of representing assets and liabilities on the different sides in the format of a financial statement. It ….
Under accounting terms, Creditors are a source of getting a loan in many ways such as in the form of money, credit card, goods or ….
A debtor is a member of financial accounting that continues the flow of transaction of account payable. He/She runs the turnover of the company’s liabilities ….
Financial statements involve the business activities and those activities make three statements – income statements which include expenses and revenue, cash flow statements which include ….
A Vouchers in accounting are a formal written document that is prepared for the buyer as proof of goods or services that have been purchased ….