Gross Profit Ratio: Calculation and Example
Gross profit ratio is also known as the gross margin ratio. This financial ratio determines the performance and efficiency of the business. Table of Contents What is a Gross Profit...
Tag: Accounting and Control
Understanding All About Outstanding Expenses
by Jaya Sharma
LAST UPDATED: August 23, 2023, 14:26 IST
Outstanding expenses must be realized whether they are paid or it is performed accounting with accuracy. Table of Contents What are outstanding expenses?SignificanceExamplesRepresentation What are outstanding expenses? Outstanding expenses are...
All About Suspense Account
by Jaya Sharma
LAST UPDATED: August 22, 2023, 18:53 IST
A suspense account is an account of the general ledger that is used for temporary recording of business transactions. Table of Contents What is a suspense account?ImportanceSuspense account vs other...
Deferred Revenue Expenditure: An In-depth Analysis
by Jaya Sharma
LAST UPDATED: August 21, 2023, 17:52 IST
Deferred revenue expenditure is the cost incurred in the current accounting period but its advantages are realized in future accounting periods. This expense may be deducted over a number of...
Cost Concept In Accounting and Economics
by Jaya Sharma
LAST UPDATED: September 5, 2023, 18:48 IST
According to this accounting principle of cost concept, items should be recorded and valued at the price for which they were bought instead of the price at which they can...
Interest Coverage Ratio: Calculation and Example
by Jaya Sharma
LAST UPDATED: August 8, 2023, 19:00 IST
Interest Coverage Ratio or ICR refers to a financial metric that assesses a company's ability to manage its interest expenses. It's a measure of financial stability, indicating how easily any...
Difference between Gross Total Income and Total Income
by Jaya Sharma
LAST UPDATED: June 19, 2023, 0:21 IST
In this article, we will be learning the difference between Gross Total Income and Total Income. We will also discuss the features in detail. Table of Contents Difference between Gross...
Difference between Amalgamation and Absorption
by Jaya Sharma
LAST UPDATED: May 27, 2023, 2:57 IST
In this article, we will be discussing difference between amalgamation and absorption. We will also look into these acquisition methods individually. Table of Contents Difference between Amalgamation and AbsorptionWhat is...
Difference between Double Entry and Single Entry
by Jaya Sharma
LAST UPDATED: May 26, 2023, 21:12 IST
Before we move on to understanding the difference between double entry and single entry, we need to learn about these two terms in detail. Let us get started with comprehending...
Difference Between Finance and Accounting
by Jaya Sharma
LAST UPDATED: September 7, 2023, 19:01 IST
In this article on difference between finance and accounting, we will be discussing the factors that distinguish these two. Table of Contents Difference between finance and accounting What is finance?What is...