Any private company should have at least two directors, and every public company should have at least three…

Imprest is a cash account that a business depends on to pay for regular, small expenses. Cashiers periodically…

Finally, you've got all the items of the entrepreneurial puzzle in position perfect idea, a fantastic spot, a…

GAAP - Accounting is also referred to as the process of recording, classifying, and summarizing financial records. As…

The Accounting Rate of Return (ARR), also generally referred to as the average rate of return, calculates any…

The profitability ratio is utilized to measure the effectiveness of the business to produce profits in relation to…

Cash is the lifeline of all businesses. Runoff cash and your company is going to die. You can't…

Financial planning is the method that offers you a roadmap for achieving your life goals by preventing risks…

Many taxpayers have confused the Financial Year (FY) with the Assessment Year (AY). They also tend to treat…

We sometimes use the words bookkeeping and accounting synonymously. Nevertheless, it is in fact only one element of…