A basic promissory note may be for a single amount reimbursement on a specific date. For instance, you loan your companion rupees 10,000 and he... View Article
A bill of exchange is used in a foreign trade that obligates one party to pay an assured sum of money to another on a certain due date. In simple... View Article
We can redress the mistakes or errors of omission by passing a journal entry by giving the right debit and credit to the records. To amend a... View Article
Trade bill: Where the bill of trade is drawn and acknowledged to settle an exchange of trade, it is known as a trade bill. This bill of trade is... View Article
A bill of exchange is a genuine use of a written legal document that is acknowledged by the individual coordinated to pay the sum. For instance,... View Article
Some of the software used in accounting are: Wave: free software for users. QuickBooks Online: overall good rating for accounting software.... View Article
The computer accounting framework is concerned with the procedure for maintaining the accounts utilizing personal computers. It includes the... View Article
According to research conducted internationally, the average salary of an accountant is much lower than that of a finance professional. Under the... View Article
The average salary a financial accountant earns per month is 21,000 rupees per month. Although there is much demand for the evergreen profession... View Article
Effective promotion is the result of all the advertising and promotional activities taken on by a company. Due to this, the sales of the products... View Article
Equity is a credit as revenues earned are recorded on the credit side. These credit balances are closed at the end of every financial year and... View Article
When an individual purchases a property the immediate payment that is being made is a down payment. Equity is considered equal to the down... View Article
Yes, if an individual has enough equity he can purchase other properties by availing of home equity loans, mortgages. Like any other credit, they... View Article
When an individual seeks equity home loans the money lenders are looking for a credit score, which should be higher than 620. Having a credit... View Article
Under the owner’s capital, many inclusions are made such as retained earnings, common stock, treasury stocks, and paid-up capital. These... View Article
