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
Work in Progress (WIP) refers to partially-completed goods that are still in the production process. These items may currently be transforming the production process, or… Read More »What is Work in Progress?
Book value is a company’s equity as reported in its financial statements. It is typically viewed concerning the company’s market capitalization and is determined by taking… Read More »What is Book Value?