What is Interest rate Swap? An Interest rate swap is a contract between two parties to exchange interest rate between …
Read moreWhat is Interest Rate Swaps? Types, Procedures of Swaps.
Both Bin Card and Store Ledger are using to control the overall movement of the inventory items. These documents are …
What is Minimum Level of Stock? Minimum Level is also known as buffer stock level, safety stock level. When inventory …
What is Purchase Requisition? Purchase Requisition is one type of “Form” which is used by the user department to request …
Read morePurchase Requisition: Definition, Process & Importance.
What is Purchase Order (PO)? Purchase Order which is commonly known as the “PO” is the document prepared by a …
Read moreWhat is Purchase Order? What are the Steps of Purchase Order?
What is Perpetual Inventory System? is the system where an entity continuously updates its inventory records to know the inventory …
Read moreDifference between Perpetual Inventory and Periodic Inventory System.
Concept of Deferred Tax This is very common in corporate area that the tax calculation of an accountant differs with …
General concept of Periodic Inventory System Periodic Inventory system is the system where inventory account is not updated for each …
Read moreWhat is Periodic Inventory System? Accounting Treatment of Periodic Inventory System.