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May 29th, 2019 in Finance & Accounts

Classification of Negotiable Instruments

Nowadays negotiable instruments are probably the most widely recognized methods of carrying out a business transaction. Already, all business exchanges use cash for trade. A few new negotiable instruments have gained a lot of popularity with the appearance of present-day business activities. The negotiable instruments classification depends on Negotiable Instruments Act that will help us…

May 28th, 2019 in Finance & Accounts

Introduction to Accounting Principles: Accounting Standards, GAAP, and IFRS

The principles of accounting help in maintaining consistent and uniform accounts. Every body of accounting follows a set of rules and principles which are accepted by accounting professionals. Three most common accounting principles are AS, GAAP, and IFRS. An overview of these principles has been elaborated below.   The following topics have been discussed in…

Updated on June 1st, 2019 in Finance & Accounts

Introduction to Negotiable Instruments

The appearance of present-day business activities added to the development of more current methods for encouraging monetary based transactions. Already, money was the most widely recognized mode of trading products or/and services for their value. The introduction of negotiable instruments, notwithstanding, acquired radical changes in business activities. Nowadays there are a few sorts of such…

May 27th, 2019 in Finance & Accounts

Benefits of Cash Flow Statement (CFS)

Each business operates its day to day activities with cash and the majority of the transactions of a business is in cash. However, financial statements like profit & loss statements and balance sheet, for the most part, revolves around the financial resources and financial position leaving cash exchanges aside. To fill this hole, the idea…

May 27th, 2019 in Finance & Accounts

Financial Statements: Meaning, Nature and Objectives

Company’s true and fair view of financial performance can be judged by its financial statements. The financial not only depicts the profit & losses but also the assets and liabilities of the company. Howsoever, one can only get the financial statements at the end of the financial year. Here is the meaning, nature and objective…