by Phillip | Oct 8, 2014 | Accounting
Petty cash book is maintained o see the flow of money and its expenditure. This is a book to keep all the records calculating all the expenditure. The calculations for this have to be accurate and also have to be right in terms of the accounting. To score good marks...
by Phillip | Oct 8, 2014 | Accounting
Break even in economics is that point where the firm has no loss or gain. That is, it is that point where the firm has met up with the total cost associated with production and revenue received. Beyond this point lies the profit region of the firm and below it is the...
by Phillip | Oct 8, 2014 | Accounting
Balance sheets are referred to the financial statements provided by accountants. The balance sheet represents a company’s financial position at the end of a specified time. This statement allows a company to study its financial achievement in a pre-specified time...
by Phillip | Oct 8, 2014 | Accounting
The breakeven point analyses the sales amount of a certain business in either revenue terms or units. This is an important topic in economics and many need some help for this as this involves a lot of brain storming. So, to make it accurate and submit the right...
by Phillip | Oct 8, 2014 | Accounting
Balance sheet is a financial statement of position of any business or a corporate house which is maintained yearly by the company. This is to keep a record on all the expenses and earning of the company. The balance sheet required a lot of calculation and also a...
by Phillip | Oct 8, 2014 | Accounting
Accounting Information System (AIS) is the collection, storing and processing of accounting and financial data used by decision makers. It is generally a computer based method for accounting activity in synchronicity with technology resources. AIS have been one of the...
