Accounting and Inventory
What is the Importance of a Business Budget?
A business budget gives you a clear picture of your expenses and income. It helps you make crucial decisions like enhancing marketing, lowering costs,...
Accounting and Inventory
Know the Meaning and Format of Cost Sheet
A cost sheet, as the name itself suggests, is a document or a sheet containing the cost of a product or a group of...
Accounting and Inventory
What is the Difference Between Gross Profit & Net Profit?
Profit is how much money a business makes after its expenditures. We can determine how much profit a business has made by subtracting the...
Accounting and Inventory
Know about Balance Sheet – Definition & Examples
A balance sheet is normally prepared as on a particular date and is a synopsis of the organisation's financial condition. The form of balance sheet...
Accounting and Inventory
Know about Meaning and Importance of Income Statement
Balance sheets, cash flow, and income statement are the three financial statements or reports that every organisation prepares to summarise the financial performance. An income statement also known...
Accounting and Inventory
What is Accounts Receivables?
Both accounts receivable and accounts payable are dynamic accounts because they affect a company's cash flow. These dynamic account heads are critical to the...
Accounting and Inventory
What is the List of Accounting Standard
Several countries follow different accounting standards like the International Financial Reporting Standards (IFRS) and their own countries' governmental and accounting institutes policies. India abides by Indian...
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