What is Revenue? Types of revenue.
Revenue is the total repeats of the firm by selling output. It is the amount of money, which the firm receives by the sale of its …
What is income and expenditure account? Features
The income and expenditure account is prepared by a nontrading concern to reveal the surplus or deficit arising out of the operating activities during the …
Dishonour Of A Cheque | Meaning, Reasons, Remarks
The bank should pay the amount mentioned on the cheque as soon as it is presented. If the amount of a cheque is paid by the …
Receipt And Payments Account
Receipts and payment account are a summary of cash receipts and payments received during the accounting period. It records all cash receipts and payments including capital …
Provision | Meaning, Objective
A provision is the sum of amount set aside by charging against the profit ans loss account. It is created for meeting a known loss …
What is Secret Reserve? Meaning, Objective, Advantages, Disadvantages
Meaning Of Secret Reserve A reserve created with a view to strengthening the financial position of a business without explicitly showing its books of account …