What is a Debtor?
A debtor is a member of financial accounting that continues the flow of transaction of…
0 Comments
What Is a Creditor?
Under accounting terms, Creditors are a source of getting a loan in many ways such…
0 Comments
Who is an auditor?
An auditor is a person who is appointed for another firm especially for analyzing the…
0 Comments
What is an operating profit margin?
Profitability is a term that needs to be found through the operating profit margin ratio…
0 Comments
What is the dividend?
A small amount of profit is taken out from a company's earnings for allotting it…
0 Comments
Expanded Accounting Equation
The Expanded accounting equation plays a similar role in varieties of business like a partnership,…
0 Comments
What is a single-step income statement?
With an easy and single format, business owners can make their income statement to record…
0 Comments
What is a petty cash voucher?
A receipt that defines the total business small expenses incurred in a whole financial year,…
0 Comments
What is the accounts receivable turnover ratio?
An account receivable turnover ratio defines the ratio in the percentage of how much cash…
0 Comments
What is Outstanding Salary?
The word outstanding indicates due and salary indicates expense, then it becomes a liability for…
0 Comments
Difference between PCAOB and AICPA(PCAOB Vs AICPA)
AICPA and PCAOB, both have a major involvement in setting the accounting and auditing standards…
0 Comments
What is the standard cost?
Standard cost is an assumed cost that is decided by the company before starting the…
0 Comments