Sacrificing Ratio vs Gaining Ratio
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
Business Accounts
What is the 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?
What is Commercial Paper?
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
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
What is Direct Tax?
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?
Golden Rules of Accounting
The golden rules of accounting apply to the types of accounts related to a financial transaction. There are three golden rules of accounting, which we… Read More »Golden Rules of Accounting
Redemption of Debentures
Redemption of Debentures is defined as the settlement of borrowed funds by a company or a firm to their debenture holders after the date of… Read More »Redemption of Debentures
Elements of Cost
The elements of cost are those elements that constitute the cost of the manufacture of a product. We can broadly divide these elements of cost… Read More »Elements of Cost
Advantages of Accounting
Advantages of Accounting Maintaining the accounts of financial transactions according to the golden rules of accounting gives several advantages. Maintenance of Business Records: It records all… Read More »Advantages of Accounting
Types of Accounts in Accounting
There are 3 types of accounts, Personal, Real, and Nominal account. Types of Accounts in Accounting Personal Account: A personal account is a general ledger… Read More »Types of Accounts in Accounting