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.
EPS is considered as the most important metric for the financial analysts, external and internal stakeholders, management and for the …
Read moreEarnings Per Share (EPS) : Definition, Calculation etc.
What is Trading A/c? Trading Account is prepared to ascertain the Gross Profit of the company. After the preparation of …
Read moreTrading A/c: Items of Trading A/c, Closing Entries etc.
CFR Basis Agreement Definition The word CFR stands for Cost and Freight which is used in international trade. When sales …
Topic Overview Trial Balance is prepared to check the arithmetical accuracy Rectifying entry is passed to remove the effect of …
Read moreErrors in Accounting : Identification, Classification etc.
What is Imputed or Notional Cost? Imputed Costs are hypothetical notional costs which is not recorded in the books of …
Read moreNotional(Imputed) Cost, Out of Pocket Cost & Differential Cost
What is Accounting Concepts? Accounting concepts is the basic rules, assumptions and principles which is considered as the basis of …
What is Retained Earnings? Retained earnings is the accumulation of profits of the company. This is the part of total …
What is Journal Proper? Journal Proper is the residuary books where those transactions are recorded that are not recorded earlier …
What is Sell Off? Sell off is one kind of divestment where one company sells part of its business to …