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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

What is a Balance Sheet? A balance sheet is a statement of a company that reports assets, liabilities, and equity at a specific time....

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

What is Cost Sheet? A cost sheet is a statement that records all the costs a business incurs from production to sales. Using this...

Accounting

The balance in your checking account at the beginning of any given day is what is referred to as the ledger balance. Each day’s activity...

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

‘Profit and Loss’ is a common term used across various business verticals. It is one of the most basic principles on which every business...

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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