What are the Sources of Financing?
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?
Business Accounts
Role of a Financial Manager?
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?
What are the Finance Functions?
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?
What is Financing Decision?
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?
What is Partnership Deed?
A partnership deed is also called a partnership agreement between the partners of the firm which outlines the terms and conditions of the partnership between… Read More »What is Partnership Deed?
Different Types of Partners
Types of Partners General Types of Business Partners Actual or Ostensible Partners: A partner who has by agreement become a partner and who takes an… Read More »Different Types of Partners
What is Accounting Equation?
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?
Broad Classification of Accounts
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
What Is Trial Balance?
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?
Computerised Accounting
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