Category: Accounting

What Is WIP In Accounting

What Is WIP In Accounting?

The WIP accounting stands for “work in progress” Accounting. This is the financial and accounting…
Accounting tools

Top 6 Accounting Tools

It is a wish of every entrepreneur that when they start a business, they can…
Real estate Accounting

Real estate Accounting(Complete Guide)

As we know real estate accounting is the main focus on the practice of organizing…
Efficiency ratio

What is the Efficiency Ratio?

The Efficiency ratio is one of the component of financial ratio analysis which is known…
Forensic accounting

What is Forensic Accounting?

Forensic Accounting is an art of investigation over accounting records, books, financial statements, and all…
Accounting Information System

What is Accounting Information System?

Accounting Information System (AIS) is an assemblage of activities prepared in a business organization done…
Best flowchart software

Best Flowchart Software

Flowchart is a diagrammatic tool that allows us to explain our point through the chart,…
What is accrued liabilities

What is Accrued Liability?

Accrued liability is treated as an expense that we use for our purpose but we…
asset

What is an asset?

An asset is something that is used in the business for the continuity of getting…
Accounting profit Vs Economic profit

Comparison of Accounting Profit vs Economic Profit

Profit is one of the most widely watched financial metrics in evaluating the financial health…
Acceleration Depreciation

What is Accelerated Depreciation?

Accelerated depreciation is referred to those methods where the asset cost is depreciated at a…
Profit and Loss statement

How do I prepare a Profit and Loss Statement?

Every business whether it is small or big needs to prepare financial statements for balancing…