Everything about Income Statement
What is Income Statement? A business organization carries out all its activities with the aim of making profits and maximizing profits. At a fixed time interval, usually at the end …
Financial Statement
Everything About Financial Statement
Financial statement occupies an important place in the data and knowledge base of accounting. It is the source of all kinds of accounting information in the organization. The financial statement is …
Liabilities and Their Classification
Today we are going to learn What is the Liability? Classification of Liabilities. What is the Liability? The sacrifice against the acquisition of property and services is usually a liability. …
Assets and Their Classification
What is Asset? An asset is something owned or operated by a business entity that will provide future benefits to the organization. The asset is the main driving force of …
