Accounting is a process of identifying, measuring and communicating economic information to permit informed judgments and decision by the users of accounts.
Mark To Market (MTM)
Mark to Market is an accounting way of calculating asset’s or companies fair value on a daily basis. This termRead more.
Prepaid Expenses means an amount paid in full for the future period, and expense out monthly / Quarterly / Annually as perRead more.
Liquidity is one of the impacting features of an asset which interprets the act of converting an asset into cashRead more.
Cash In Transit / Deposit In Transit
As per wording ‘Cash In Transit’ OR ‘Deposit In Transit’, the straight meaning is that the cash is arriving ORRead more.
Brokerage is the term used for the amount received by the broker for facilitating buyer and seller or any twoRead more.
Meaning – Voucher is a proof of payment. It proves that on a certain date, for a specific reason orRead more.
Meaning – Fixed Assets are the assets which are used to run a day to day business and does notRead more.
Meaning – Any asset of the business which is expected to be converted into cash within one year is called CurrentRead more.