PROFORMA INVOICE (PI)
Proforma Invoice (PI) is an estimated invoice sent by a seller to a buyer in advance of a shipment or …
Md. Alamgir
What is Letter of Credit? What are the procedures of Opening a Letter of Credit?
What is a Letter of Credit? Letter of Credit (L/C) is one kind of guarantee in the form of a letter that is …
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Accounting Treatment of Goods in Transit.
Key Points: Ownership of transit goods is determined by the terms of shipping agreement. Free on Board (F.O.B) shipping point …
CREDIT LINE, OR LINE OF CREDIT
What is a line of credit? A line of credit (LOC) or credit line is an arrangement between a financial …
FORWARD CONTRACT
Forward Contract is a binding agreement to buy or sell an item for settlement at a future date, at a …
What is Forensic Accounting? Qualification and Skills of Forensic Accountants.
What is Forensic Accounting? Forensic accounting is the specialized type of accounting skills to investigate fraud or embezzlement and analyzing financial …
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What is Window Dressing of Financial Statement?
Window dressing of the financial statements is the situation where a finance manager presented its financial statements better than the …
Right Share : Definition, Uses, Factors etc.
What is Right issue of Share? Rights shares are those shares which are issued to the existing shareholders, in proportion …
Economic Order Quantity (EOQ)
Definition of EOQ Economic Order Quantity (EOQ) minimizes carrying cost and ordering costs of companies inventories. Inventory management costs are …
What is Net Present Value (NPV)? What are the Advantages and Disadvantages of Net Present Value?
Introduction Net present value method is used for evaluating the project proposals. Time value of money for cash inflows is …