Accounts & Finance

What is Demand Loan? Demand Loan also termed as Working Capital Demand Loan which will be repaid as instructed by …

Read moreDemand Loan: Definition, Features, Benefits etc.

What is Progressive Tax? A progressive Tax is the Tax which is varied in proportion to the earnings of a …

Read moreProgressive Tax : Definition, Advantages, Limitations etc.

What is Bad Debts? Bad debts is the amount of credit sales which can not be recovered or become irrecoverable …

Read moreAccounting Treatment : Bad Debts & Provision for Bad Debts

When goods are received and GRN is made, accountants are made necessary journal entries in the books of accounts for …

Read moreAccounting Treatment of Scraps

What is Inventory Turnover? Inventory Turnover is the overall movements of the inventory which indicates the number of times the …

Read moreInventory Turnover Ratio : Definition,Reasons of using etc.

What is Petty Cash Book In every business organisations, there is a number of transactions. Some transactions are in a …

Read moreWhat is Petty Cash Book? Advantages & Format of Petty Cash Book.

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 …

Read moreAccounting Treatment of Accrued Income.

The objectives of this article is to analyze the extent of loan against trust receipts (LTR) facility given by the …

Read moreLoan Against Trust Receipt (LATR)

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.