What is Revenue?
Meaning of Revenue Revenue is the earnings that an enterprise has from its usual business pursuits, usually from the sale of commodities, and services to… Read More »What is Revenue?
Business Accounts
What is Liability?
Meaning of Liability Liability is a term in accounting that is used to describe any kind of financial obligation that a business has to pay… Read More »What is Liability?
Difference Between Entrepreneur and Manager
Entrepreneur and manager, these two terms that are often used in management parlance, although they sound similar but are different in their functioning. Both of… Read More »Difference Between Entrepreneur and Manager
What are Outstanding Expenses?
Outstanding expenses are those expenses that have already been incurred but have not been paid yet. For accounting purposes, these expenses need to be charged against… Read More »What are Outstanding Expenses?
What are Equity Shares?
Equity shares are defined as long-term financing options for firms looking to raise capital. Each equity share represents a unit of part ownership in the… Read More »What are Equity Shares?
What is Trade Deficit?
A trade deficit is an economic condition that occurs when a country is importing more goods than it is exporting. It is calculated by taking… Read More »What is Trade Deficit?
What are Preference Shares?
Preference Shares are the shares that guarantee the holder a fixed and steady dividend, whose payment takes priority over the equity share dividends. Capital raised… Read More »What are Preference Shares?
What is Joint Stock Company?
A joint stock company is an organization that is owned jointly by all its shareholders. Here, all the stakeholders have a specific portion of stock… Read More »What is Joint Stock Company?
What is Limited Liability Partnership?
The Limited Liability Partnership Act was passed by the Parliament of India in the year 2008 for governing LLP businesses in the country. Section 2… Read More »What is Limited Liability Partnership?
What is Variance Analysis?
Variance Analysis is the difference between the actual amount of costs or revenue and the expected amount. Variance analysis compares actual amounts with the standard… Read More »What is Variance Analysis?