Income Statement
Income statement is a description of the entities profitability over a period of time, usually...
Account XII
Cash Flow Statement and its format
Cash flow statement is the statement of the company that shows the movement of cash...
Journal Entries
Different types of Journal Entries: 1. Started/Commencement/Invested in a Business: All assets A/c To capital...
The Basic Accounting Terminologies
Entity: An entity means an economic unit that performs economic activities like National Trading Ltd.,...
Accounting and Types of Account
Accounting: Accounting is the art of recording, classifying, and summarizing in a significant manner and...
Ratio Analysis
Concept Ratio is a relationship between two figures of financial statements. It is important tool...
Financial statements
Concept Financial statements are the end results of business activities undertaken by the business entity...
Company Accounts: Company and Its Formation
Company Company is an artificial person created by law with distinct legal existence to carry...
Cost Accounting
Concept Cost accounting is the classifying, recording and appropriate allocation of expenditure for the determination...
Introduction and Classification of Cost
Concept Cost is defined as an amount of money spent for obtaining anything, goods or...