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?
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?
The master budget presents the summary of various functional budgets. It is prepared by consolidating different budgets and helps project profit and loss accounts and… Read More »What is a Master Budget?
NBFC stands for Non-Banking Financial Company and is highly involved in financial activities such as secured & unsecured loans, marketplace lending, leasing, hire-purchase, insurance business,… Read More »What is NBFC?
A government budget refers to an annual financial statement that denotes its anticipated expenditure and expected revenue generation in a fiscal year. It is presented… Read More »What is Government Budget?
Reserve and Provision are two common terms often discussed in business. Both these terms are important for maintaining the integrity of a business. Difference Between… Read More »Difference Between Reserve and Provision
Sacrificing Ratio Sacrificing Ratio is the ratio of sacrifice as to the part of profit made by the old partners, in favor of the one… Read More »Sacrificing Ratio vs Gaining Ratio
Gaining Ratio is a term that is frequent in the Partnership Accounts. This ratio means the share of profit gained by a partner with some reconstitution… Read More »What is the Gaining Ratio?
The commercial paper refers to a short-term, unsecured debt obligation that is issued by financial institutions and large corporations as an alternative to costlier methods of… Read More »What is Commercial Paper?
Indirect taxes are taxes that can be passed on to another entity or individual. They are usually imposed on a manufacturer or supplier who then… Read More »Indirect Taxes
Direct Tax is a type of tax where the impact and the incidence fall under the same category and can be defined as a Direct… Read More »What is Direct Tax?