According to International Accounting Standards defines financial instruments as “any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of… Read More »what is Financial Instruments?
Having known that there are many alternatives of finance or capital, a company can choose from. Choosing right source and the right mix of finance… Read More »What are the Sources of Financing?
The Financial manger is a person who takes care of all the important financial functions of an organization. The person in charge should maintain a… Read More »Role of a Financial Manager?
Investment Decision One of the most important finance functions is to intelligently allocate capital to long term assets. This activity is also known as capital… Read More »What are the Finance Functions?
There are two fundamental types of financial decisions that the finance manager has to take are as follows: i. Investment decision ii. Financing decision Definition: The Financing Decision is another… Read More »What is Financing Decision?
Partnership Deed Partnership deed is a written legal document to avoid unnecessary misunderstanding, harassment and unpleasantness among the partners in the event of any dispute.… Read More »What is Partnership Deed?
Actual or ostensible partner: A partner who has by agreement become a partner and who takes active part in the conduct of the partnership business… Read More »Types of partners
Accounting Equation, also called the basic accounting equation, forms the foundation for all accounting systems. In fact, the entire double entry accounting concept is based… Read More »Accounting Equation
Accounts Types: For the purpose of analysis,and record,accounts are broadly classified in two categories which are follows: Personal accounts Impersonal accounts 1. Personal Accounts: Personal… Read More »Broad Classification of Accounts
Trial balance is a statement which accounts all the balances of the Personal account, Real account and Nominal account regardless of either Revenue or Capital… Read More »What Is Trial Balance?