Management Buyouts: Process, Reasons, Parties etc.
What is Management Buyouts (MBO)? Management buyouts is the process where the existing management purchase all or part of a …
Banking & Finance
Invoice : Sales Invoice,Purchase Invoice
Definition Invoice refers to Sales Invoice which is used by the seller to forward it to the purchaser. This is …
What is Fixed, Semi Variable & Variable Costs?
Cost ascertainment is the most important factor in financial accounting. An Accountant should have clear understanding regarding the nature of …
What is Centralized VS Decentralized Purchase?
When a company has several production centres and situated in different location, the company may think whether they should maintain …
What is Statement of Changes in Equity?
Definition The Statement of Changes in Equity reconcile the equity of the company during a accounting period. This is the …
What is Fictitious Assets? Examples of Fictitious Assets.
Definition of Fictitious Assets The word fictitious literally means fake, imaginary or not true. Hence, fictitious assets means the assets …
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What is Fixed Assets Register?
Definition of Fixed Assets Register Fixed Assets Register contains the lists of the fixed assets (non-current assets) of the business …
Double Entry System: Definition, Example etc.
Double Entry Accounting system also known as Dual Aspect Concept or, Duality Concept. The concept states that every transactions must …
Compound Interest : Definition, Difference between Compound & Simple Interest Rate.
Compound interest is very commonly using interest rate in case of borrowing and lending. Borrower and Investor is concerned about …
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Standby Letter of Credit: Definition, Types, etc.
Financing to your business may not be easy at all times. But you have to know the possible financing sources …