Loans and advances are one of the core businesses of banks in any country. And are reported in the statement...
business-terms
In accounting, certain assets are classified as biological assets. These are living things that are referred to as livestock and...
Discounts are deductions in the price of goods or services. There are different types of discounts given for various reasons...
A commercial invoice is different from the sales document used in trading locally. The aforementioned is used in international trade...
One type of source document you should know of is the receipt. This voucher is used by an entity when...
Restricted cash is part of a company's cash and cash equivalents. However, it has a separate purpose from other money...
The term cash float is used in the imprest system to refer to the cash given to the petty cashier...
The accounts receivable contains all names of individuals that owe the business at a given point in time. And the...
Cash and cash equivalents are the terms used to represent cash in hand, cash at the bank, and other near-cash...
Trade receivables are the new name for debtors. This is in respect to the International Financial Reporting Standards. To this...