Venture capital firms (VCs) are private equity investors. These firms invest in small businesses in the health and technology sectors....
Controllable costs are always within the control of a particular department head. However, for non-controllable cost, the department head may...
In two previous articles, current and noncurrent assets have been explained. If you have read through those articles, you may...
One important accounting records and books are the cash book. When a business carries out any activity that involves cash,...
In two earlier articles, we defined and explained ordinary shares and preference shares. In this article, we will explain the...
Costs in performance management or cost accounting can be explained in a variety of ways. This is based on various...
In a previous article, assets were defined as the resources of a business. But, these resources can either be current...
A cash discount is a separate type of discount. It is totally different from the trade discount. While trade discount...
Costs that are consumed and incurred during the production of a product, purchase of inventory, or performing a service are...
VAT or Value Added Tax is a compulsory tax charged on the added value of goods and services. Usually, a...