Analysis of Current Ratio
Jennifer edwards The measure of the liquidity of a firm over a certain date or for a certain period of time is called current ratio. The maintenance of current ratio is very…
Trial Balance Sheet
A trail balance sheet is one of the most important financial documents of the double entry system. Trial balance of a business can be done at any time of the…
Explaining Assets in terms of Accounting
Whenever we analyze or examine the balance sheet of a company the first heading that comes is that of current assets. Current assets may be referred to cash or other…
External and Internal Balance Sheet
A balance sheet is a financial statement of a business that can be use for internal and external purposes. The preparation of both internal and external balance sheets is for…
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…
Intangible Assets
Intangible assets are those assets that do not exist physically still they are very much important for a business. These are the long term resources that do not have a…
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…
Important Bookkeeping Terms
Shamsa Rafique Important Bookkeeping Terms: Before attempting to learn the art or science of bookkeeping it will be better to clarify some of the terms that will have to be used again…
Accounting Equation
Sidra Farid Accounting Equation Learning Objective: Define and explain accounting equation. Give an example of accounting equation. Definition and Explanation of Accounting Equation: Dual aspect may be stated as "for every debit,…