The WIP accounting stands for “work in progress” Accounting. This is the financial and accounting term used to track the cost and value...

It is a wish of every entrepreneur that when they start a business, they can utter all the business activities and projects without any...

As we know real estate accounting is the main focus on the practice of organizing and understanding the real estate finance situation. ...

The Efficiency ratio is one of the component of financial ratio analysis which is known for calculating that the company is going into ...

Forensic Accounting is an art of investigation over accounting records, books, financial statements, and all financial-related records ...

Accounting Information System (AIS) is an assemblage of activities prepared in a business organization done by business staff for inspe...

Flowchart is a diagrammatic tool that allows us to explain our point through the chart, shapes, lines, graph, styles, color, customize ...

Accrued liability is treated as an expense that we use for our purpose but we do not pay. If we talk about the accrued expense, it woul...

An asset is something that is used in the business for the continuity of getting revenue by transferring into customers or clients in e...

Profit is one of the most widely watched financial metrics in evaluating the financial health of a company. Accounting profit and econo...

Accelerated depreciation is referred to those methods where the asset cost is depreciated at a faster rate than the straight-line metho...

Every business whether it is small or big needs to prepare financial statements for balancing and determining the actual position of bu...