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 ….
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 ….
Working capital is an important source by which the company can get the financial report by subtracting the current liabilities from current assets. It is ….
Liability is a financial obligation that is needed to pay against acquired assets for the company’s wealth. In other words, we can say that liability ….
An asset is something that is used in the business for the continuity of getting revenue by transferring into customers or clients in exchange for ….
Depreciating assets are those business assets that a business can have for a longer period of time to bear future business expenses. These assets are ….
The contribution margin ratio is the ratio that we get after subtracting the variable cost and the percentage of the selling price. The contribution margin ….
Before moving to a non-profit organization, we need to understand the work of accounting software. Accounting software is a tool that can perform all the ….
Accounting research tools is a method of searching results related to accounting standards or we can say that it is a platform of finding accounting ….
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 ….
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 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 ….
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 ….
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 ….
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 ….