Backwardation is a specific condition of a market in which the cost of the current price or spot price of a commodity is higher than…
Average Revenue – Definition, Formula and Behavior
What is Average Revenue? Definition: Average Revenue is defined as the revenue per unit of output. It is the same as the average price at…
Accrued Income – Definition, Importance and Examples
What is an Accrued Income? Definition: Accrued income is defined as an income that a company, individual, or organization will recognize and record in its…
Market Value – Definition, How to Calculate, Pros and Cons
Market value can be understood as the price that an asset, brand, or business might fetch in its target marketplace. You may also understand it…
Ethics in Finance – Meaning, Importance and Code of Ethics
Ethics in Finance talks about financial behavior or activities that are ethically right or wrong. Business ethics that are followed by financial institutions, financial services,…
Types of Bankruptcy | Chapter 7 Vs. Chapter 11 Vs. Chapter 13
Not being able to honor the financial obligation or pay off liability/debt is referred to as bankruptcy. It can be legally filed by a person…
Variable Pay – Definition, Meaning, Types, Importance and Advantages
Definition: Variable pay is any amount of money or sales compensation that is paid to employees on a variable basis and is not consistent but…
Theory of Accounting – Types, Principles, Functions and Advantages
The theory of accounting revolves around strategies, assumptions, procedures, and frameworks associated with the study of financial reporting and implementations of financial reporting principles in…
Double Entry System – Meaning, Types, Examples and Advantages
The Double-Entry system is an accounting technique in which the transactions are recorded in two accounts. This post will take you deep into the world…
History of Accounting and Its Evolution
The history of accounting goes back to the time when, for the first time, human civilization started using the trade-system of crops and products inevitable…
Top-Line – Definition, Calculation and Strategies For Growth
Top-line is the revenue or gross sales of the company. That is why when the company refers to growth as top-line growth; the company is…
Market Average Definition – Concept and Importance
Market average is used to refer to the measurement of the general or the overall price level in a stock market and is expressed by…
Single Entry System – Types and Benefits
In a single entry system of accounting, there occurs one entry for one transaction, either it is an income or expense account. A cash book…
Value Added Tax – Definition, Meaning, Examples, Advantages and Disadvantages of VAT
Value added tax is assessed incrementally, and it is calculated on the amount by which the value of any product or service increases at each…
Green Bond Definition – Types and Benefits
Definition Green Bond is a bond issued by the Government, which is also tax-free and serves the purpose of financing projects aimed at mitigating climate…
