Quality of Conformance
Jennifer edwards Quality of conformance is a concept to calculate the degree of completion of the product. It is the ability of the product or service to meet its specific and ultimate…
History of Accounting
The history of accounting relates back to the 14th century when Luca Picioli describes the concepts of debt, credit and bookkeeping for the very first time. No doubt people from…
Basic Accounting Terminologies
As we know the process of accounting is that of recording monetary transactions of a business in an organized and transparent form and to prepare financial statements related to assets…
Relationship between Account Receivables and External Balance Sheet
Account receivable is an integral account for the businesses that make sales on credit. A business may have thousands of account receivables from hundreds and thousands of customers. All the…
Affect of Assets and Liabilities on Business Cash Flow
A change in assets or liabilities of a business can positively or negatively affect the cash flow of the particular business. Sometimes change in assets and liabilities may result in…
Accounting Conventions
Sidra Farid Accounting Conventions Learning Objectives: What are accounting conventions? Explain important accounting conventions. The term "conventions" includes those customs or traditions which guide the accountants while preparing the accounting statements. The…