Need and Importance of Accounting Accounting can be referred to as the systematic and comprehensive recording of a financial transaction relating to any...
Tag - Accounting
Current Ratio The Purpose of the Ratio The current ratio evaluates a company’s ability to pay its liabilities in the near future (up to one year). Calculation...
The balance sheet presents a picture of the company’s situation on the final day of the reporting period (usually December 31, the last day of the year). The...
Apart from the statement of profit and loss and the balance sheet, there is another important financial statement known as the cash flow statement. If we want...
Positive Cash Flows Cash flow is the flow of your money. When money is paid to you, it is called positive cash flow or a cash inflow. You can remember that...
Why You Need Book-keeping If you are about to begin a new business, it is not wrong to be enticed about the very idea that you will be doing something fresh...
