When sales of the organization is increased, the importance of storage of raw materials is increased too. A group of …
Read moreCentralized and Decentralized Store : Definition, Advantages & Disadvantages.
What is Accrued Income? Accrued Income is the income which is earned during the current accounting year and has become …
The objectives of this article is to analyze the extent of loan against trust receipts (LTR) facility given by the …
What is Suspense Account? This is a temporary accounts maintained in the Genera Ledger. The purpose of maintaining suspense accounts …
Read moreSuspense A/c: Definition, Accounting treatment etc.
What is Usance Letter of Credit? Usance Letter of credit also known as deferred letter of credit or Time LC …
Read moreUsance LC (Deferred LC) : Definition, How does usance LC work, Charges & commission.