Accounting

Every business involves exchange of money. This infact is the core of any business as businesses operate to earn money. As businesses grow in size, large value cash transactions become both cumbersome as well as restricted by...

Most medium to large scale manufacturing and trading businesses engage a chain of distribution for the sale of their goods. This chain begins from the production factory and ends with sale of goods to the end consumer....

Financial reporting is an important aspect of every business entity as it is essential to gauge the financial performance and position of the entity. One of the important financial statements is the profit and loss account. Each...

Most businesses operate in a competitive environment today. This necessitates that they offer their products and services at competitive prices, to be able to sustain good sales volume. This is why vendors are often seen...

Every business incurs expenses at each stage of its business operations. Right from establishment of a business to its day to day operations and even winding up of a business, expenses are incurred at each stage. Measuring,...