VAT, Value added Tax, is simply a form of tax that is assessed on taxable value of any product or service. When dealing with VAT, there...
If you are one of the aspiring investors, one of the major basic topics of Finance that you need to understand before going into any other...
Preference Shares The name preference derives from the priority given to the preference shareholders over the income of the company before equity shareholders. Preference shares are...
An organization incurs various expenses over the period of time in the course of business. In corporate world, these expenditures are broadly classified as Capital Expenditures...
Matching concept is one of the fundamental principles of GAAP (Generally Accepted Accounting Principles). It is based on accounting period concept. It states that the revenues...
Entity Concept, also known as business entity concept or separate entity concept states that a business organization and its owners are two different persons. Legally, corporations...
In accounting terminology, account receivables refer to the sum of money that is due to the company for any of its goods sold or service rendered....
