What are Accounts Receivables?
Accounts receivable is the money owed to a company that is not yet paid for by its consumers. On the […]
What Is the Double Entry System of Bookkeeping?
Bookkeeping is the foundation of accounting and involves systematically recording and classifying a company’s financial transactions. This fundamental concept states
3 Things You Must Know About Net Profit in Income Statement
A question that agitates every business owner each month: how much net profit is my business making? Of course, high revenue
Working Capital: Meaning and Formula
Business owners need to regularly check the financial health of their company, and looking at the working capital is a
What is EBITDA? Definition, Formula, and Explanation
There are many financial metrics to evaluate the profitability of a company. These metrics help to measure the overall financial
What are Quick Assets?
Quick assets are a type of assets held by a business with an exchange or commercial worth that can quickly
What are Fixed Assets?
Let’s understand who are debtors and how they impact the financial standing of a business. Debtor Definition in Accounting In
What are Current Assets?
Every business, at some point, has checked its books of accounts to realize that its revenue expenditure is impossible to
Ratio Analysis: The Right Way to Evaluate Business Financials
The financial stability and growth of a business are the determining factors for the future prospects of a business, such
Prepaid Expenses: Meaning, Benefits, and Examples
Expenses are any costs incurred by a company or an individual to earn money or use a product or service.