Meaning of Ratio Analysis Ratio analysis is a very powerful analytical tool for measuring performance of an organization.
Month: May 2020
Statistics: Types, Importance, and Limitations
Meaning of Statistics Statistics is a mathematics discipline that involves the collection of data, organizing, analyzing, interpreting, and
Consumer Awareness:- Consumer Rights and Responsibilities
Meaning of Consumer Awareness Consumer awareness refers to making customers aware of their rights and duties. It simply
6 Features of Accounting Principles
Meaning of Accounting Principles According to American Institute of Certified Public Accountants “Principles of accounting are the general
4 Qualitative Characteristics of Accounting Information
Meaning of Accounting Information Accounting information is the collective data of business transactions. It provides the data for
12 Advantages and Disadvantages of Single Entry System
Meaning of Single Entry System Single Entry System may be defined as an incomplete account recording system. Under
Advantages and Disadvantages of Accounting
Concept of Accounting American Institute of Certified Public Accountants (AICPA) defines accounting as: Accounting is the art of
Advantages and Disadvantages of Double Entry System
Meaning of Double Entry System Double entry is a system of accounting in which both debit and credit
Functions and Limitations of Accounting
Concept of Accounting American Institute of Certified Public Accountants (AICPA) defines accounting as: Accounting is the art of
Difference between indemnity and guarantee
Meaning Indemnity and guarantee are two different types of contract meant for protection against contingent losses and liabilities.