What is an invoice?- Defination and explaination

what-is-an-invoice

What is an invoice? A non-negotiable commercial documents issued by a seller to a buyer. It identifies both the trading parties and enlisted, describes, and it’s Measure the sold items, shows the exact date of shipment or transport in details, prices, and discounts (if any), and delivery and payment terms. When it’s signed by the … Read moreWhat is an invoice?- Defination and explaination

What’s the difference between accounting profit vs economic profit?

Accounting-profit- vs-economic-profit

Is a big Question what’s accounting profit vs economic profit. Many peoples think it same. But, both are same or not it’s a big question. For example, as a businessman you state a restaurant business. So do you have any idea in your daily needs and daily profit?How to calculate your profit (income – expanse) … Read moreWhat’s the difference between accounting profit vs economic profit?

What is Blockchain -Accounting technology

what-is-blockchain

Blockchain is used accounting technology and it has been dramatically changed in the last few decades around the globe. The profession of accounting largely considered to analysis and financial data. The reason for it is the invention of some great technology. Blockchain technology is one of the greatest inventions. Though blockchain technology was primarily devised … Read moreWhat is Blockchain -Accounting technology

What is goodwill in accounting? | Definition, Example and Explanations

What-is-goodwill-in-accounting

Goodwill is a reputation on a business. When a business purchased another business. She does not take only business she taking also her reputation. It’s called an intangible asset. Every asset is visible but this asset is nonvisible, brand name popularity generator and it shows up asset side of a company’s balance sheet. Reputation can’t … Read moreWhat is goodwill in accounting? | Definition, Example and Explanations

Interest Income | Definition, Example and Calculation

Interest-Income

What is interest income? For small business owners Overview Interest income is a part of investment income. Interest revenue is generated when you lend your money to someone and make interest earnings on the money you lent generally speaking you will have interest earnings if you invest in bonds or other debt instruments. Interest revenue … Read moreInterest Income | Definition, Example and Calculation

How Do You Calculate Revenue Formula? | For Companies

Revenue-Formula

For knowing properly about the revenue formula firstly, you have to know the revenue. Revenue means the total amount of money for a company. The formula is quantity x price=revenue. This money is actually coming from the specific period. The discounts of any returned products are included in revenue. Costs will be reduced from the total income for fixing the … Read moreHow Do You Calculate Revenue Formula? | For Companies

Objectives Of Management Accounting | For Business Activity

Objectives of Management Accounting

Do you need your business smoothly and profitable? Objectives of accounting are most important and expanded topic of accounting. The objectives of management accounting are mainly referred to make your business smoother and profitable. It helps to make a future plan for beginners or small business owner. Management account is the collection of accounting report. … Read moreObjectives Of Management Accounting | For Business Activity

Cost of Classification | Definition and Explanations

classification-of-cost

Do you know the cost of classification uses of organizations? Cost Classification refers to a complete and transparent idea of separation of expenses in the different sector as like manufacturing cost, product cost, sunk cost, variable cost, direct cost, and indirect cost etc. Classifications of cost are a vital part of a company. It is … Read moreCost of Classification | Definition and Explanations

Cash Basis VS Accrual Basis | Definition, Example With Explanations

cash basis vs accrual basis

Want to know the difference between cash and Accrual basis for  Business Transactions? Cash basis and accrual basis are the two important methods of accounting. Both have different characteristics. They are different according to their basis. Maybe you have to face both of these. I was read some articles on it. But I didn’t get … Read moreCash Basis VS Accrual Basis | Definition, Example With Explanations

Differences Between Management accounting VS Financial accounting

Financial accounting VS Management Accounting

Similarity and Dissimilarity between Management Accounting and Financial Accounting discuss in this article  If you want to know about a general question of management accounting vs financial accounting, you have to get a clear idea about accounting. Accounting is a procedure of the explaining some important ingredients. This actually refers to the recording process of a … Read moreDifferences Between Management accounting VS Financial accounting