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?
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?
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