Payment Advice – Definition, Components & Format

Cost behaviour is an indicator of how a cost will change in total when there is a change in some activity. Know more about cost behaviour definition, formula with example.

MIS Reports are reports required by the management to assess the performance of the organization and allow for faster decision-making.

Inventory management is the basis of a well-functioning retail business. Learn these techniques and methods to help your business improve efficiency

A fund flow statement is a statement prepared to analyse the reasons for changes in the financial position of a company between two balance sheets.

To simply define, a post-dated cheque is one which is drawn with a date which is after the date on which cheque was written.

While this looks obvious, business does offer a kind of discount which is not at the time of selling but at a later stage.

After passing the entries in journal-register, the transactions are classified and grouped for preparation of accounts

The cash basis of accounting recognizes transactions and events only when cash (including cash equivalents) is received or paid by the entity

Whether you are a business owner or aspiring accountant, it is important to know and understand the process involved in the accounting cycle. Accounting cycle consists of 8 steps.