Blog

Ans : A trial balance can trace the mathematical inaccuracy of the general ledger. However, there are a number of errors that cannot be detected by the Trial balance: Let us discuss those errors in brief: Error of complete omission: Read More …

Ans : Ledger: Accounts are prepared on the basis of entries made in the journal. The bookthat contains the accounts is called a ‘ledger’. A ledger is also called secondary book,as the entries in the ledger are made subsequent to Read More …

Ans : Journal: Transactions are first entered in this book to show which account should be debited, and which should be credited. Journal is also called primary book, as it is a book of first entry. Transactions are recorded in Read More …

Ans : As per the accounting equation, the broad categories of the account are: Assets: Includes all the resources which the firm has. Liabilities: Amounts that the firm owes to outsiders Capital: Amounts that the firm owes to the owners Read More …

Ans : Every company has various business units that help it function and grow. Of all these departments, it is probably finance that exists even before a company has started working. It is the finance people who decide if a Read More …

Financial management is the process of managing the funds both for individuals and organizations to ensure proper utilization of funds. The principles of financial management work as a guideline for managing financial activities. If you follow the core principles then Read More …

Ans : An annuity is defined as stream of uniform period cash flows. The payment of life insurance premium by the policyholder to the insurance company is an example of an annuity. Similarly, deposits in a recurring bank account are Read More …

Ans : The extreme frequency of compounding is continuous compounding where theinterest is compounded instantaneously. The factor for continuous compounding forone year is eAPR where e is 2.71828 the base of the natural logarithm. The futurevalue of an amount that Read More …

Ans : The working capital requirement of a firm depends upon various factors such as nature and size of business, the character of their operations, the length of production cycles, the rate of stock turnover and the state of the Read More …

Ans : Cloud Computing Fog Computing Edge Computing Centralized approach Distributed approach Distributed approach Large amount of resources Intermediate amount of resources Limited resources High latency Medium latency Low latency Low data rate Medium data rate High data rate Globally Read More …