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?
Accounting Equation equates a company’s assets to its liabilities and equity. This shows all company assets are acquired by either debt or equity financing. For… Read More »What is 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
The process of recording of business transactions in journal,classifying them,posting in appropriate ledger and preparing the trial balance and financial statement with the help of… Read More »Computerised Accounting