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Home » Accounting » Page 3

Accrual Accounting – Definition, Categories and Its Impact

July 10, 2021 By Hitesh Bhasin Tagged With: Accounting

Accrual Accounting

What is Accrual Accounting? Definition: Accrual accounting is defined as an accounting method in which revenues or expenses are recorded at the same time when…

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Transfer Pricing – Definition, Working, Methods and Example

July 10, 2021 By Hitesh Bhasin Tagged With: Accounting

Transfer Pricing

Transfer pricing (TP) can be understood as the procedure that globally expanded organizations follow while transferring merchandise or goods starting with one division then onto…

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Average Fixed Cost – Definition, Formula and Examples

July 10, 2021 By Hitesh Bhasin Tagged With: Accounting

Average Fixed Cost

What is the Average Fixed Cost? Definition: Average fixed cost is defined as the amount it costs to a business for producing a unit of…

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Acid-Test Ratio – Definition, Calculation and Formula

July 3, 2021 By Hitesh Bhasin Tagged With: Accounting

Acid Test Ratio

What is an Acid Test Ratio? Definition: An acid-test ratio is defined as a financial measure of a firm’s potential to repay its immediate liabilities,…

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What is Accumulated Depreciation? – Definition and Formula

July 3, 2021 By Hitesh Bhasin Tagged With: Accounting

What is Accumulated Depreciation? Definition: Accumulated depreciation is defined as the increasing depreciation of an asset up to a specific point in the asset’s life….

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Accrued Liability – Definition, Types and Examples

July 10, 2021 By Hitesh Bhasin Tagged With: Accounting

What is Accrued Liability? Definition: An accrued liability is defined as an expense that a business has incurred in an accounting period but it is…

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Accounts Payable – Definition, Process and Example

July 3, 2021 By Hitesh Bhasin Tagged With: Accounting

Accounts Payable

What is Accounts Payable? Definition: Accounts payable is defined as the amounts due to a company or business when they purchase goods or services from…

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Accounting Period – Definition, Types, Concept & Regulation

July 10, 2021 By Hitesh Bhasin Tagged With: Accounting

Accounting Period

What Is An Accounting Period? Definition: An accounting period is defined as the period of time for which a business performs its accounting functions and…

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What are the 13 Basic Accounting Principles?

July 3, 2021 By Hitesh Bhasin Tagged With: Accounting

Accounting Principles

Accounting principles are defined as the general rules, regulations, and guidelines that are used for governing the field of accounting. The purpose of accounting principles…

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Accounts Expenses – Definition, Types and Categories

July 10, 2021 By Hitesh Bhasin Tagged With: Accounting

What are Accounts Expenses? Definition: Accounts expenses are defined as those expenditures that a company makes to ensure the smooth running of the business. These…

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Accountant – Definition, Types, Duties, Salary and Skills

July 3, 2021 By Hitesh Bhasin Tagged With: Accounting

Accountant

What is an Accountant? Definition: Accountants are defined as financial professionals who handle the series of accounts of private or public companies for ensuring the…

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Accounting Equation – Definition, Formula and Applications

July 10, 2021 By Hitesh Bhasin Tagged With: Accounting

Accounting Equation

What is Accounting Equation? Definition: The accounting equation is defined as the double-entry accounting system used to represent the relationship amongst assets, liability, and owner’s…

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An Introduction to Accounting Ratios and Formulas

July 2, 2021 By Hitesh Bhasin Tagged With: Accounting

Accounting Ratios

What Are Accounting Ratios? Definition: Accounting ratios are defined as the group of metrics used to gauge the efficiency and profitability on several parameters by…

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Accounting Policies – Definition, Importance and Examples

July 2, 2021 By Hitesh Bhasin Tagged With: Accounting

Accounting Policies

What Are Accounting Policies? Definition: Accounting policies are defined as the specific set of principles and procedures used by a firm’s internal management team to…

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Accounting Information System – Definition and Functions

July 11, 2021 By Hitesh Bhasin Tagged With: Accounting

What is an Accounting Information System? Definition: An Accounting Information System (AIS) is defined as a computer-based system that tracks accounting activities and collects, manages,…

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