Limitations of Ratio Analysis
Meaning of Ratio Analysis Ratio analysis is a very powerful analytical tool for measuring performance of an organization. The ratio …
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 presenting it …
Consumer Awareness:- Consumer Rights and Responsibilities
Meaning of Consumer Awareness Consumer awareness refers to making customers aware of their rights and duties. It simply means educating …
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6 Features of Accounting Principles
Meaning of Accounting Principles According to American Institute of Certified Public Accountants “Principles of accounting are the general law or …
4 Qualitative Characteristics of Accounting Information
Meaning of Accounting Information Accounting information is the collective data of business transactions. It provides the data for analysis to …
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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 this system, …
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Advantages and Disadvantages of Accounting
Concept of Accounting American Institute of Certified Public Accountants (AICPA) defines accounting as: Accounting is the art of recording, classifying, …
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 aspects of …
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Functions and Limitations of Accounting
Concept of Accounting American Institute of Certified Public Accountants (AICPA) defines accounting as: Accounting is the art of recording, classifying, …
Difference between indemnity and guarantee
Meaning Indemnity and guarantee are two different types of contract meant for protection against contingent losses and liabilities. These contracts …