Author: Terms compared staff

Availability of sufficient funds is among the basic requirements for any business entity to start and/or continue its operations smoothly and fluently. In order to raise funds companies mostly use two basic methods; they either...

The financial condition of any business is reflected in its financial statements – its profit and loss account (or income statement) and balance sheet. In order that the financial statements reflect the true and fair view of the...

Business organisations such as sole proprietors, firms and companies maintain books of accounts to record their business transactions. Double entry system of accounting follows certain standard books of accounts for recording...

Par value of a stock is the per share value mentioned in the articles of incorporation. Articles of incorporation (also known as the articles of association and corporate charter) is a document that provides the detailed...

Every business encounters and accounts for a plethora of transactions while undertaking its operations. Any business event which impacts the finances of the business would constitute a transaction. Business transactions can be...