Accounting terminology is the language used by accounting professionals such as income, expenses, assets and liabilities, etc. A computerised accounting…
The process in which the accounts are handwritten on the paper-based register in the form of ledgers, subsidiary books, and…
A computerized accounting system is a software application that automates financial records and reporting processes to make them faster, more…
As the name says ‘computerised accounting’ is the use of computers, software, and hardware to process financial transactions and events…
The Supreme Court today overruled a 2008 decision by the National Consumer Disputes Redressal Commission (NCDRC) that capped the interest…
The Bank’s financial statements are prepared under the historical cost convention, on the accrual basis of accounting on a going…
The term ratio means a simple division of one number by another. It is measured by the number of times…
If any lending decision is to be properly made, the risk involved in the transaction should be properly evaluated. Risk…
(This article explains the method of computation and the purposes of capital structure ratios viz. Current ratio, Quick ratio/Acid test…
The term "accounting treatment" represents the prescribed manner or method in which an accountant records and presents a specific business…