Finance

Bank Reconciliation With Examples | Reason | Importance | Prepared By

ย  What is Bank Reconciliation Statement ? In Accounting, an Organization’s Money has to remember the cash information to check upon other accounts. To Shield this basic and enticing resource, an Organization’s present goal is too inward power over its money. These controls involve isolating the accounting obligation of its workers, keeping all receipts into …

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What is Economies of Scale | Internal and External | Advantages and Disadvantages

What is Economies of Scale With Example ? Economies of scale happen when a firm profits from the extent of its operation. In this, the firm experiences the cost advantage when it raises its level of production. All these advances in profits occur because the quantity produced and per-unit fixed cost are inversely proportional. The …

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What is an Index Number ? Features, Types, Limitation, Statistics and Uses

What is an Index Number ? Definition: Is a percentage ratio which measures the average change of severalย variabies between two different times places or situation. Or Is a measure which measure the changes in some quality which we cannot observe sisectly. Meaning of index Numbers : โ€ข Carli, an Italian Statistician, who constructed the first …

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Mode of Payment | Meaning | Types | Best Payment Method

Paying has become a common activity in any business sector. Whenever we buy or sell something, there is some transaction process for it. Usually, there are various modes of payment available to complete transactions in sales and purchases. We can do these transactions in many ways like cash, net banking, debit cards, and credit cards, …

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Double Entry System | Advantages and Disadvantages | Single Entry System

The double entry system in accounting says that for any of the transactions related to business, the transaction data should be present in at least two accounts. This system was first introduced in the mercantile period in Europe. The purpose of the introduction of this system was to make commercial transactions easier. The base of …

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What is Purchase Consideration ? Methods, Formula and Type

What is Purchase Consideration ? ๐–ณ๐—๐–พ ๐–ฏ๐—Ž๐—‹๐–ผ๐—๐–บ๐—Œ๐–พ ๐–ข๐—ˆ๐—‡๐—Œ๐—‚๐–ฝ๐–พ๐—‹๐–บ๐—๐—‚๐—ˆ๐—‡ ๐–ป๐—‹๐—‚๐—‡๐—€๐—Œ ๐—’๐—ˆ๐—Ž ๐—๐—ˆ ๐—๐—๐–พ ๐—๐—๐—ˆ๐—Ž๐—€๐—๐— ๐–ป๐—’ ๐—๐—๐–พ ๐–ป๐—Ž๐—’๐—‚๐—‡๐—€ ๐—ˆ๐—‹๐—€๐–บ๐—‡๐—‚๐—“๐–บ๐—๐—‚๐—ˆ๐—‡ ๐—๐—ˆ ๐—๐—๐–พ ๐—†๐–พ๐—‹๐–ผ๐—๐–บ๐—‡๐— ๐—ˆ๐—‹๐—€๐–บ๐—‡๐—‚๐—“๐–บ๐—๐—‚๐—ˆ๐—‡ ๐–ฟ๐—ˆ๐—‹ ๐–บ๐—Œ๐—Œ๐—Ž๐—†๐—‚๐—‡๐—€ ๐–ผ๐—ˆ๐—‡๐—๐—‹๐—ˆ๐—… ๐—ˆ๐—๐–พ๐—‹ ๐—๐—๐–พ ๐—‹๐–พ๐—Œ๐—ˆ๐—Ž๐—‹๐–ผ๐–พ๐—Œ ๐–บ๐—‡๐–ฝ ๐—…๐—‚๐–บ๐–ป๐—‚๐—…๐—‚๐—๐—‚๐–พ๐—Œ ๐—ˆ๐–ฟ ๐—๐—๐–พ ๐–ต๐–พ๐—‡๐–ฝ๐—ˆ๐—‹ ๐–ข๐—ˆ๐—†๐—‰๐–บ๐—‡๐—’. ๐–ฎ๐—‡ ๐—๐—๐–พ ๐—ˆ๐–ฟ๐–ฟ ๐–ผ๐—๐–บ๐—‡๐–ผ๐–พ ๐—๐—๐–บ๐— ๐—ˆ๐—‡๐–พ ๐—ˆ๐—‹๐—€๐–บ๐—‡๐—‚๐—“๐–บ๐—๐—‚๐—ˆ๐—‡ ๐–ป๐—Ž๐—’๐—Œ ๐–บ๐—‡๐—ˆ๐—๐—๐–พ๐—‹ ๐–ป๐—Ž๐—Œ๐—‚๐—‡๐–พ๐—Œ๐—Œ ๐—‚๐— ๐–ผ๐–บ๐—‡ ๐—‰๐–บ๐—’ ๐–ฟ๐—ˆ๐—‹ ๐—‚๐— ๐—Ž๐—๐—‚๐—…๐—‚๐—Œ๐—‚๐—‡๐—€ ๐–บ๐— ๐—…๐–พ๐–บ๐—Œ๐— ๐—ˆ๐—‡๐–พ ๐—ˆ๐–ฟ ๐—๐—๐–พ ๐–บ๐–ผ๐–ผ๐—ˆ๐—†๐—‰๐–บ๐—‡๐—’๐—‚๐—‡๐—€ …

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Functions and Objectives of Financial Management | Tools for Financial Management

What is the Management ? Management is a basic theme in business. The explanation is that an organization can’t work without the appropriate utilization of assets. To comprehend and apply the correct administration in dealing with and utilization of assets, one needs to realize how important monetary administration is to a busines. Definition of Financial …

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What is Cash Flow and it’s Types ? Cash Flow Statement and analysis

What is Cash Flow and it’s Types ? What is Cash Flow Statement and analysisย  The evaluation of a business is done based on its financial performance. The statement of changes in the financial position of a company is carried out in two ways :- 1. Working Capital Basis – Fund Flow Statement 2. Cash …

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