by Phillip | Jul 9, 2017 | Accounting
Accounting is a subject or a Major which is important to learn in any business. It is also known as “business languageâ€. It helps to keep tab of your business money and the expenditure. How useful is accounting for a business? It is very important to know the...
by Phillip | Jul 9, 2017 | Accounting
A journal entry is a manuscript where the first entry is made. It is a book that bookkeepers maintain in order to make accounting entries. With reference to any business organization, journal entry is the chronological maintenance of all the transactions over a period...
by Phillip | Jul 9, 2017 | Accounting
An income statement also called as the profit or loss account of any organization, is a financial statement of any organization and mentions the organization’s revenues and expenses for a certain period. Simply put, it mentions the difference between whatever money...
by Phillip | Jul 9, 2017 | Accounting
We live in a customized world where everything is personalized. Although it is beneficial most of times, yet there are instances where standardization is impertinent. One such domain is Financial Statements. Imagine the world where every organization releases its own...
by Phillip | Jul 9, 2017 | Accounting
Financial analysis is analysing of all the financial characteristics like the strength and weakness of a business firm and by creating a link between the elements of the balance sheets and the income statement. Thus it is the analysis of fundamental and key features...
