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Credit Period and its Importance Credit Period and its Importance

Accounting

The majority of businesses establish credit arrangements with their suppliers or consumers, allowing customers to make purchases on account. Credit purchases speed up commercial...

Accounting

The balance sheet format of a company provides precise information about its financial stability and position. According to accounting theory, the balance sheet represents...

Accounting

Debtors Turnover Ratio Formula No business can afford to conduct all transactions in cash; thus, making credit available to clients is a requirement. But...

Accounting

A cost sheet is a form of a financial statement made by businesses and manufacturers to analyse the business expenses. A cost sheet includes...

Accounting

While conducting business, an individual or the owner of the business needs to know what the account status of the business is, not every...

Accounting

An itemized inventory of all the components necessary to make or sell a product is termed a Bill of Materials (BOM). Succeeding are the...

Accounting

What Is Break-Even Point? The break even point is the level of output at which the company’s overall revenue and total expenses are the same. At...

Accounting

What is Cash Credit? Cash credit is a short-term financing source for a company. It is one kind of short-term loan extended by a bank...

Accounting

The Fund Flow Statement is beneficial for performing long-term analysis. It is an extremely important tool in the hands of management for evaluating the...

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