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Why we say like this?
access_time 2018-12-23T05:09:12.188Z face CA N Raja
If I ask you what is the accounting entry for salary paid - will you say Salary account Debtor To Cash Account Or Salary account debit To cash account ??????????...
What is Bank guarantee
access_time 2018-12-21T10:11:20.133Z face CA N Raja
First let's get into the meaning of guarantee -Guarantee is basically a contract to perform the promise and to discharge the liability of a third person in case of default -and this is what we have in section 126 of Indian Contract Act 1872. Guarantee is basically a contract -where you are going to ...
Introduction to Fund Flow Analysis
access_time 2018-12-20T13:55:03.885Z face CA N Raja
What is Fund flow analysis? Let us have a look at this - we know traditionally balance sheet and profit and loss statements are prepared - Balance sheet would communicate what is the financial position as on a particular date and profit and loss statement would communicate what is the book profits t...
Difference between Debt and Equity
access_time 2018-12-19T06:13:35.657Z face CA N Raja
What is the difference between Debt and Equity? Let's say you want to start a business and cost of business $100Mn. For this you have to raise $100 Mn and then only you can use them.(for purchase of various assets like Land & Building, Plant & Machinery, Furniture & Fixtures, etc). Let me break that...
What is Letter of Credit?
access_time 2018-12-17T04:44:38.145Z face CA N Raja
Imagine a normal sale scenario where the buyer and seller are involved. The buyer would make the cash payment first then the seller would be dispatching the goods. This would generally happen when the buyer has cash at his disposal. But imagine a scenario where buyer does not have cash but in need o...
