Financial reporting standards are periodically issued by International Financial Reporting Standard Board. These standards are meant to ensure uniformity in…
Capital structure decisions are very important for companies to make. But there are always some other factors which firms take…
In history landlords used to appoint a literate person to write their financial information and to maintain accounts of their…
Assets are shown in the balance sheet at the historical cost i.e. cost at which they were acquired. But it…
According to the matching principle of accounting expenses of the same period must be compared to or deducted from the…
Bookkeeping is the recording of financial transactions such as sales, purchases, receipts, and payments. The person liable to record is…
For the establishment of a target capital structure, the firm analyzes certain factors such as; mix of debt, preferred stock…
Key success factors are most significant to future success of industry firms. These factors encompass competencies, market achievements, resources, competitive…
A statement of reconciling the balances between bank book and bank statement is called bank reconciliation statement. Bank book is…
A double entry system of accounting was devised with the concept that each transaction has dual effect. Two effects of…