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