Profit and Loss Statement – Importance, Components, Calculation
Is your business profitable? This is, without a doubt, one of the questions every businessperson must ask themselves. If the expenses are greater than the income, it is not very...
Tag: Finance Learning
Difference Between Agreement and Contract
LAST UPDATED: August 25, 2023, 18:29 IST
The main difference between agreement and contract is that an agreement is not legally binding and enforceable by law, whereas a contract is legally binding and enforceable by law. Now...
Difference Between Balance of Trade and Balance of Payment
LAST UPDATED: August 16, 2023, 15:54 IST
Balance of Trade and Balance of Payment are key economic terms. They relate to a country's financial status. Balance of Trade focuses on goods and services. It's the difference between...
Difference Between Production and Manufacturing
LAST UPDATED: October 31, 2022, 9:43 IST
This article will explore the difference between production and manufacturing in great detail. But, before we do that, let's quickly go through the topics listed under the table of contents...
Difference Between Forward and Future Contract
LAST UPDATED: June 7, 2023, 18:06 IST
In this article, we will go through the difference between forward and future contract in great detail. But, before that, let us go through the topics listed under the table...
What is Balance Sheet: Its Use and Importance
by Jaya Sharma
LAST UPDATED: June 14, 2023, 17:45 IST
In this article, we will be discussing Balance sheet that helps in understanding the company's financial status in detail. Table of Contents What is balance sheet?Why do we need it?Guidelines...
What is Equity: Calculation, Types, and Importance
by Jaya Sharma
LAST UPDATED: June 12, 2023, 16:05 IST
In this article on what is Equity, we will also discuss how is equity calculated, changes and its different types. Table of Contents What is Equity?Calculating EquityChanges in EquityTypes of...