Accounting cycle is the process which is used to complete the accounting process of the company. The length of an …
Read moreWhat is Accounting Cycle? What are the steps of Accounting Cycle?
Summary of Contents Cash Book records the cash transactions All receipts and payments are recorded in the cash book to …
Cost of Goods Sold (COGS) Cost of Goods Sold (COGS) is the cost which is directly attributable with the cost …
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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 …