Accounting

Statement of owner’s equity help to understand the current wealth owned by shareholders/owners. The movement of balance in the statement indicates whether the business has … Read more

Marketing expense is an essential expense for companies to grow and promote their products and / or services. Good marketing has become vital in today’s … Read more

Delivery note meaning The delivery note is a shipping document that enlists details of delivery. It’s generally used to certify/verify receipt of the goods by … Read more

The accounting for short term deposits depends on if you have received/paid the deposit. So, there can be two situations. You have paid the deposits. … Read more

Accounting for inventory involves different items like accounting for purchase, accounting for work in process, accounting for finished goods etc. Let’s go through each of … Read more

Controllable cost: Controllable cost is a type of cost/expense that can be influenced by decisions of authority/personnel in an organization. In simple terms, the controllable … Read more

Net operating profit after tax meaning NOPAT, ‘Net Operating Profit after Tax’ is a profitability metric that assesses how much cash could be given to … Read more

Deferred revenue / deferred liability: Deferred revenue, also known as “unearned” or deferred income, is any revenue we collect from our customers before earning it. … Read more

Coinbase and Robinhood, both located in the United States, are two convenient and easy to use services which enables the newcomers to purchase and sell … Read more

The Nominal ledger is also referred as a general ledger. All transactions of the company are recorded in the chart of accounts. These chart of … Read more

Contribution and gross margin help to understand the gap between revenue and expenses of the business. These measures are used to assess the profit that … Read more