The cash basis of accounting recognizes transactions and events only when cash (including cash equivalents) is received or paid by the entity
A credit memo is a commercial document issued by a supplier to the customer notifying the reduction of the amount that a customer owes to the seller.
What is Invoice Reference Number (IRN) in GST? Format and How to Generate IRN?
IRN known as “Invoice Reference Number” is a unique invoice number generated by the Invoice Register Portal (IRP) on uploading the invoice electronically.Read More
Capital budgeting is a process through which different projects are evaluated in terms of cost and benefits. It is the firm’s formal process for acquisition and investment of capital.Read More
Capital Expenditures are the category of assets that generally indicate the most important use of a company's resources.Read More
Inventory valuation is a process to determine the cost associated with an entity's inventory at the end of a reporting periodRead More
As the name implies, administrative expenses are the regular expenses you incur as a part of regular business activities.Read More
Accumulated depreciation is the total amount a company depreciates its assets, while depreciation expense is the amount a company's assets are depreciated for a single periodRead More